Nothing so far exposes the greed, avarice and self-centredness of our ruling political class as the pension rights of States and Local Government employees. Some of the immediate past Governors who failed in eight years to enact laws to take care of pension of employees of States and Local Governments […]
Pension
PenOP seeks ethical marketing in pension benefits business
Leave a comment and share Chuks Udo Okonta The President, Pension Fund Operators Association of Nigeria (PenOp), Eguarekhide Longe, has called on Insurance practitioners and Pension Fund Administrators (PFAs) to embrace ethical practice in the marketing of pension benefits products. He told Inspen that the wrangling between the operators is […]
Lagos Retirees Get N912m Pension
By GEORGE OKOJIE The Lagos State Government said it had paid accrued pension rights of N912 million to 165 retirees mainly from Local Government and State Universal Basic Education Board for the month of March, 2016. Speaking at the 25th Retirement Benefit Bond Certificate presentation ceremony , the State Commissioner […]
Strengthened management of the Government Pension Fund
‘The Government Pension Fund is our national savings account, and an important part of fiscal policy. We practice great transparency about the Fund’s management. Norges Bank and Folketrygdfondet have successfully managed the Government Pension Fund Global (GPFG) and Government Pension Fund Norway (GPFN), respectively. The Government has now decided to […]
Britons living in Nigeria, Ghana hope for fair pensions deal
Government ministers considering changes to system of payments that campaigners have long said is unfair By Vic Motune FAIR DEAL: Pensioners who retire to some countries in Africa and the Caribbean get smaller pension payments than they would if they were in the UK BRITONS LIVING in countries such as […]
Widow of 9/11 firefighter wins $3M pension payout
By Philip Messing Jackie Kaht Fernandez spent nine years fighting the Fire Department’s pension board and its doctors to prove that the sudden death of her husband, Lt. Cruz Fernandez, in 2006 at age 52 was related to his time spent at Ground Zero. “The word ‘no’ is not in […]
Pension operators explore Singaporean infrastructural investment template
Akinsanya Leave a comment and share Chuks Udo Okonta Pension operators are studying how their colleagues in Singapore have made significant inroad in investing pension funds in infrastructure without burning their fingers, Inspen can report. The Head, Technical Committee, Pension Fund Operators Association of Nigeria (PenOp), Dapo Akinsanya, who disclosed […]
PFAs invest N65.64bn in FG securities in a month
Mrs Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) invested N65.64 billion in Federal Government’s securities between October and November 2015, Inspen can report. The figure which was obtained from the National Pension Commission (PenCom) showed that N3.42 trillion was invested in October and […]
DFL legislators want pension fund investments in fossil fuel firms to end
DFL legislators want state pension fund managers to dump fossil fuel stocks. By Maya Rao Star Tribune A group of legislators are calling on Minnesota’s pension fund managers to dump their stocks in coal, oil and natural gas, saying fossil fuel companies harm the environment and are a financially risky […]
Almost 2 years governments refuse to pay 18% pension contributions
Longe Leave a comment and share Chuks Udo Okonta 20 months after the Pension Reform Act (PRA) 2014 was signed into law, the federal and state governments have refused to embrace the 18 per cent pension contributions for their workers. Inspen gathered that the federal government and few states that […]
