By Onyekwere Iwuagwu If they have a choice, many low income earners, self-employed people and informal sector workers across the country would not like to depend on their children and relatives for financial support during their old age. Speaking the mind of other low income earners, a housemaid once said […]
Pension
Thai Pension Fund to Boost Investment in Developed Stocks on Fed
Higher U.S. rates to weigh on emerging assets, fund says Fund looking at Japanese, European equities for next year Share on FacebookShare on Twitter Share on LinkedInShare on RedditShare on Google+E-mail Thailand’s Government Pension Fund plans to increase investments in developed-nation equities next year as higher U.S. interest rates weigh […]
Guidelines on unilateral withdrawals from voluntary contributions: threat of industrial action by River State TUC
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 […]
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 […]
