PFAs pay N82.57bn to disengaged workers

Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) have paid N82.57 billion to 250,293 disengaged workers who have Retirement Saving Account (RSA) and under 50 years but were unable to get another job within four months of their disengagement. The National Pension Commission (PenCom) said N6.54 billion was paid to 17,828 […]

PenCom drags 61 employers to court, recovers N13.69bn unpaid pension contributions

Acting DG PenCom, Mrs. Aisha Dahiru-Umar, Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has filed cases against 61 employers that failed to remit their outstanding pension contributions and penalties, even as it had recovered N13.69 billion from defaulting employers in five years. PenCom noted that the cases were filed […]

Lagos State pays over N1 billion to 183 retirees

Ambode Leave a comment and share Chuks Udo Okonta The Lagos State Government has released over one billion & twenty Four million naira for the payment of Pension entitlements of 183 Public Service retirees under the Contributory Pension Scheme (CPS) Dispensation for the month of March, 2018. Governor, Akinwunmi Ambode, at the 49th Retirement Benefit […]

Pension: Insurance operators remit over N690.87m employees’ contributions

Leave a comment and share Chuks Udo Okonta Nine insurance companies and 18 broking firms remitted over N690.87 million of their workers’ pension contributions to Pension Fund Administrators (PFAs) last year, Inspenonline can report. The National Pension Commission (PenCom), disclosed this on its website, adding that the firms were also issued certificates of compliance to […]

AIICO Pension to hold career development workshop

MD/CEO Longe Eguarekhide Leave a comment and share Chuks Udo Okonta AIICO Pension Managers Limited has unveiled plans to hold career development workshop aimed at helping unemployed youths make smart career choices. A statement by Jumai Abdullahi, of the firm’s Strategic Planning and Corporate Communications, noted that the workshop, which is modeled around company’s Corporate […]

PenCom clears Leadway, AIICO, 351 firms to bid FG contracts

Acting Director-General, PenCom, Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has issued compliance certificates to 353 companies to bid Federal Government contracts this year. PenCom noted that as at March 23, 2018, the firms had complied with the Pension Reform Act (PRA) 2014 and were cleared to […]

PTAD refutes receiving N54bn for payment of 33% pension arrears

Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) has refuted news reports that it recently received N54 billion from the Federal Government to pay 33 per cent pension arrears. PTAD stated this on its Twitter Handle stating that the attention of the its Executive Secretary, Sharon Ikeazor has been […]

FG releases N54bn for payment of pension arrears

Leave a comment and share Chuks Udo Okonta The Federal Government has released N54billion to National Pension Commission (PenCom) for the payment of the 33 per cent pension arrears to pensioners, Chairman, House Committee on Pension, Hassana Shekarau, has said. He disclosed this on Tuesday at the official inauguration of the Nigeria Union of Pensioners […]

PenCom technically suspends pension transfer window

Leave a comment and share Chuks Udo Okonta There are indications that the National Pension Commission (PenCom) has technically suspended the envisaged Pension transfer window conceived to help dissatisfied contributors opt for Pension Fund Administrators (PFAs) with improved services Insider sources in the commission, who spoke with journalists under the condition of anonymity revealed that […]

Lagos State pays N841m accrued pension rights to 141 retirees

Ambode Leave a comment and share Chuks Udo Okonta Lagos State government, under the leadership of Governor Akinwunmi Ambode, has released the sum of N838 million to pay accrued pension rights of 141 retirees under the Contributory Pension Scheme for the month of February, 2018. A statement by Mrs Ajoke Lawal of Public Affairs Unit, […]
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