PRESS STATEMENT Our attention has been drawn to the publication credited to the Trade Union Congress (TUC) Rivers State chapter on the Guideline for Withdrawal of Voluntary Contribution. It is pertinent to note that by virtue of Section 23(b) of the Pension Reform Act 2014, the National Pension Commission has […]
Pension
LASG expends over N100 billion on Pension Rights
From left: Head of Service, Lagos State, Mrs. Olabowale Ademola; Commissioner for Establishments, Training & Pensions, Mr. Benson Akintola and Director General, Lagos State Pension Board(LASPEB), Mrs. Folashade Onanuga, at the 9th Pre-Retirement Seminar, organised by LASPEB for Lagos State’s employees due to retiree between January and June 2015, in […]
Pension: No rest for retirees
Director-General PenCom Mrs. Chinelo Anohu-Amazu Years after serving their fatherland, scores of federal pensioners are finding it difficult to access their retirement benefits. Omobola Tolu-Kusimo writes on the sufferings and pains of the affected retirees. Thousands of Federal Government pensioners from the old pension scheme – Defined Benefits Scheme (DBS) […]
Lagos pays N6.8bn accrued pension to 1,754 retirees
From left: Head of Service, Lagos State, Mrs. Olabowale Ademola; Commissioner for Establishments, Training & Pensions, Mr. Benson Akintola and Director General, Lagos State Pension Board(LASPEB), Mrs. Folashade Onanuga, at the 9th Pre-Retirement Seminar, organised by LASPEB for Lagos State’s employees due to retiree between January and June 2015, […]
Pension Insurance Corp completes $3.7 bln buy-out of Philips UK pension fund
Pension Insurance Corp (PIC) has completed a 2.4 billion pound ($3.69 billion) buy-out of Philips UK pension fund, the firm said on Thursday. PIC specialises in bulk annuities – taking on the risk of company defined benefit, or final salary, pension schemes. The deal covers the pension benefits of around […]
Stakeholders seek enrollment of casual employees in CPS
Leave a comment Chuks Udo Okonta Stakeholders have called on employers with casual employees in their workforce to enroll them in the contributory Pension Scheme (CPS). The call was made at a forum organized by the Lagos State Pension Board (LASPEB) in Lagos. Participants at the event who were drawn […]
Insurers get knock for infraction on annuity
Leave a comment Chuks Udo Okonta Life Insurance operators who engage in unwholesome practices in order to sell their annuity products have been advised to refrain from such vices to forestall confusing retirees. The Director-General Lagos State Pension Board (LASPEB) Mrs Folashade Onanuga, said this at a forum in Lagos, […]
Pension: Lagos State Lottery Board gets kudos for contributing 23% for workers
Leave a comment Chuks Udo Okonta The Lagos State Lottery Board has been commended for contributing 23 per cent for its employees’ pension. The board is presently contributing 15 per cent while employees 8 percent. The Director-General Lagos State Pension Board (LASPEB) Mrs Folashade Onanuga, gave the commendation at the […]
Ondo State begins implementation of PRA 2014 in phases
Leave a leave Chuks Udo Okonta Ondo State Government has commenced implementation of the Pension Reform Act 2014 in phases, Inspen has learnt. The Director-General Ondo State Pension Commission Jaiyeola Olowosuko, disclosed this in an interview, adding that the first phase has commenced with employees employed in 2014. He noted […]
Canada pension fund ready to invest $2 billion in Mumbai housing
Mumbai: Canada’s pension fund is ready to invest $2 billion in affordable housing in Mumbai, a top Indian official said, in a move that would boost Prime Minister Narendra Modi’s goal of providing cheap housing to millions of people. “A week back, the Canadian ambassador… informed me that the Canadian […]
