Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has announced the death of its Commissioner, Finance Division, Prince Adesoji Olaoba-Efuntayo. The Director General of the Commission, Mrs. Chinelo Anohu-Amazu, who confirmed this in a statement, stated that the Commissioner died at the age of 58 […]
Pension
Micro-pension: Building better tomorrow for the self-employed
Longe How to ensure informal sector workers have a better life at old age remains a great concern for the leadership of the National Pension Commission (PenCom) and pension fund managers. Chuks Udo Okonta in this report, examines the plights and demands of workers and what the regulator and operators […]
Puerto Rico church strips teachers of pension amid crisis
By SAN JUAN After 36 years teaching English at a Roman Catholic school near Puerto Rico’s capital, Norma Cardoza planned to retire with a modest pension she trusted she would get from the Archdiocese of San Juan. Her faith was misplaced. Archdiocese officials in recent weeks informed Cardoza and several […]
PenCom gives states technical supports on accrued rights
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) is assisting states that have embraced the Contributory Pension Scheme (CPS) on how to manage challenges associated with accrued rights to ensure retirees get the right pension benefits, Inspen can report. Its Director-General Mrs Chinelo Anohu-Amazu, who […]
Niger State to Continue With Contributory Pension Scheme
The Niger State House of Assembly has refused to withdraw the state from Contributory Pension Scheme (CPS) despite clamour by organised labour in the state. The state house of assembly has also passed the 2016 budget presented before it by Governor Abubakar Sani Bello last December. The Assembly, which received […]
REDEEMING STATES AND LOCAL GOVERNMENTS WORKERS FROM OLD AGE POORVATY
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 […]
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 […]
