Lagos State pays N1, 075bn to 301 retirees

Ambode Leave a comment and share Chuks Udo Okonta The Governor of Lagos State, Akinwunmi Ambode, has once again, delighted Pensioners in the State Public Service, inclusive of Local Government and SUBEB by releasing the sum of N1,075 billion into the Retirement Savings Account (RSA) of 301 Contributory Pension Scheme (CPS) retirees in the month […]

Peninscope sets for 2017 public lecture, award, magazine launch

Adediji Leave a comment and share Chuks Udo Okonta Peninscope Professional Warranty Limited, publisher of PensionScope magazine, has announced plans to hold a public lecture, appreciate companies and individuals for their various contributions toward the development of pension and insurance industries and launch the 6th edition of the magazine. A statement by its Managing Director/Chief […]

Premium Pension brainstorms on growth of contributory Pension scheme

.Holds Pension desk officers forum Leave a comment and share Chuks Udo Okonta Premium Pension Limited, has organised Pension Desk Officers forum which was aimed at evaluating the workings of the Contributory Pension Scheme (CPS) and chart ways on enhancing operational effectiveness of pension business. A statement by the firm’s Head, Corporate Communications! Paddy Ezeala, […]

More insurers painfully turn in legacy funds, assets to PTAD

Ekeazor Leave a comment and share Chuks Udo Okonta As the December deadline given to insurance companies to return the over N25 billion legacy funds and assets in their custodies draws nearer, some of them have complied with the directive, Inspen has learnt. The Pension Transitional Arrangement Directorate (PTAD) has threatened to take legal action […]

The plight of Nigerian pensioners: A legal and moral burden on federal and states governments

In time past, Nigerians were protected from destitution and poverty, throughtraditional social security system, which was based on the concept of “our brothers keepers” and was influenced by and derived from both culture and religious characteristics of society. It was largely kinship base.Unfortunately, the traditional system of social security, where kinsmen built houses and farmed […]

PTAD pays 33% arrears to police, civil service pensioners

Executive Secretary PTAD, Sharon Ekeazor Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) said it has paid pensioners under the Defined Benefit Scheme (DBS) another instalment of the 33 per cent Pension arrears owed to its pensioners. A statement released by the directorate noted that the categories of pensioners […]

PTAD to verify 5,000 pensioners from FHA, DSC, nabs impersonator

Pensioners at the event. Leaves a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) hopes to verify 5,000 pensioners in an ongoing exercise that started yesterday Monday and will end by Friday this week. According to the Assistant Director, Pension Admin, PTAD, Jibrin Idris, the exercise is presently going on in […]

PTAD eyes EFCC, ICPC to recover over N25bn from 9 insurers

Ekeazor Leave a comment and share Chuks Udo Okonta Pension Transitional Arrangement Directorate (PTAD) says it may take legal action including the involvement of the Attorney General of the Federation and agencies such as the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices Commission (ICPC) to recover over N25 billion legacy funds and […]

Lagos workers acquire skills for pension administration

Governor, Ambode Governments and employers who fail to accept the welfare of the people as the ultimate law is at the risk of ruining its stewardships and the trust of the citizens in governance, Governor Akinwunmi Ambode has said. He made this statement at the Opening Session of the Workshop tagged: ‘Vital Interpersonal Skills for […]

Lagos State pays over N80bn into workers RSA

Onanuga Leave a comment and share Chuks Udo Okonta Lagos State Government has paid more than N80 billion into the Retirement Savings Account (RSA) of active workforce since the commencement of the Contributory Pension Scheme (CPS) dispensation in 2007, the Commissioner, Establishments, Training and Pensions, Dr. Akintola Benson Oke, has said. He disclosed this today […]
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