PenCom holds pre-retirement workshop for retirees

Acting Director-General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has concluded plans to hold the 2019 pre-retirement workshops for staff of Ministries, Departments and Agencies (MDAs) who are due to retire between January and December 2020. A statement by its Head Corporate Communications, Peter Aghahowa, […]

Lagos State pays N821.56m accrued pension rights to 297 retirees

Mrs. Onanuga Leave a comment and share Chuks Udo Okonta Lagos State Government has presented Retirement Benefit Bond Certificates (RBBC) worth Eight Hundred and Twenty-One Million, Fivehundred and Sixty-One Thousand, Four Hundred and Thirty-Six Naira and Three kobo (N821,561,436.03) to 297 public service retirees. A statement by the Public Affairs Officer, Lagos Pension Commission (LASPEC), […]

Lagos state expenses over N45bn on accrued pension rights

From left: Managing Director, ARM Trustees, Mrs. Folasade Adeloye; Director General, Lagos State Pension Commission, Mrs. Folashade Onanuga; Director, Post Service Department, Public Service Office, Lagos State, Mrs. Bukola Durotoye and Executive Director, Finance and Investment, Lagos State Pension Commission, Mrs. Olusola Abisoye at the event. Leave a comment and share Chuks Udo Okonta The […]

Workers inject N29bn into pension fund in Q1 2019

Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta Worker under the Contributory Pension Scheme (CPS) contributed N29 billion into the pension fund in the first quarter 2019, Inspenonline can report. Data obtained from the National Pension Commission (PenCom) revealed that the total pension fund assets as at the end of January 2019 […]

Pension assets soar to N9.03tn as FGN securities gulp N6.51tn

Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The pension assets have soared to N9.03 trillion as at March 2019, the National Pension Commission (PenCom) has said. The assets gained N117 billion between February and March this year, even as N6.51 trillion of the assets was invested in Federal Government of Nigeria […]

Expert underscores 10 key rights of workers under CPS

Leave a comment and share Chuks Udo Okonta The Executive Director, Centre for Pension Rights Advocacy, Barrister Ivor Takor, has said the Pension Reform Act (PRA) 2014 adequately provides basic rights workers/contributors should enjoy under the Contributory Pension Scheme (CPS). Takor, who highlighted the rights on a Radio programme on Lagos Talks 91.3 FM, noted […]

Stanbic IBTC wins regional awards in pension and wealth management

From left: Member, International Advisory Council, Global Wealth and Society Awards Programme, Mr. Gordian Gaeta; Chief Executive, Stanbic IBTC Pension Managers Limited, Mr. Eric Fajemisin; Chief Executive, Stanbic IBTC Asset Management Limited, Mr. Oladele Sotubo; and Member, International Advisory Council, Global Wealth and Society Awards Programme, Mr. Urs Bolt, during the presentation of the Best […]

Disengaged workers get N103.42bn from pension funds

Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta Pension fund has continued to play a major role in the economy as the National Pension Commission (PenCom) said it has granted approval for payment of N103.42 billion being 25 percent of the balances of Retirement Savings Accounts (RSAs) holders who were under the […]

93,803 private sector workers retire without pension benefits

Leave a comment and share Chuks Udo Okonta Many private sector workers having put in their best in serving their employers and the nation retired without pension benefits because their Retirement Savings Accounts (RSAs) balances were N550,000 or below and considered insufficient to procure a Programmed Withdrawal or Annuity. According to the National Pension Commission […]

Pension assets gain over N17bn in one month

Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The pension fund has continued to grow as over N17 billion was injected between January and February 2019, Inspenonline can report. Data obtained from the National Pension Commission (PenCom) revealed that the pension assets was N8.74 trillion in January 2019 and peaked at N8.91 […]
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