Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has announced the implementation of guidelines on accessing Retirement Savings account (RSA) balance for payment of equity contribution for residential mortgage by pension contributors. PenCom stated this in a statement make available to Inspenonline, adding that […]
Pension
PenCom says highest paid official earns less than ₦1m monthly
Kindly leave a comment and share Press release Following the false and misleading information on the compensation package of the National Pension Commission (PenCom) being circulated in the traditional and social media, it has become necessary to set the record straight in the interest of the Nigerian public. It is […]
PenCom states why Director General didn’t attend House of Reps Finance Committee budget defence
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said its Directo-General, Mrs. Aisha Dahir-Umar, was out of town attending an official engagement, hence, could not appeared before the House of Representatives committee on Finance on Thursday, 08 September 2022, to defend the Commission’s […]
Intrigues as emotion driven RSA holders transfer N277.19bn
Kindly leave a comment and share Chuks Udo Okonta and Blessing Ogbebor Emotions, sentiments and competition seemed to be driving the Retirement Savings Account (RSA) Transfer System as over N277.19 billion has been moved from one Pension Fund Administrator (PFA) to another since the opportunity was granted by the National […]
PFOs invest N118.31bn in FG’s road financing projects
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said Pension Fund Operators (PFOs) directly invested N118.31 billion pension funds in the Sukuk Bond issued by the Federal Government to finance road projects nationwide in 2021. Pension disclosed this in a document obtained by Inspenonline, noting […]
FG spends N980.18bn on workers’ accrued pension rights
Kindly leave a comment and share Senior Raphael With the release of N100.29 billion for the payment of accrued rights to retirees of Treasury Funded Ministries, Departments and Agencies (MDAs), this brought the total amount released by the Federal Government into the RBBRF Account, from inception of the Contributory Pension […]
Leadway Pensure Chairman Olusegun Aganga joins board of Technoserve
Kindly leave a comment and share Blessing Ojumeka The Board Chairman, Leadway Pensure PFA, Nigeria’s foremost Pension Funds Administrator Olusegun Aganga, has joined the Board of Directors of TechnoServe, a United States based non-profit organisation with presence in over 30 countries. Aganga, a global expert in the finance and business […]
47.92m informal sector workers without pension plan risk old age poverty
Kindly leave a comment and share About 47.92 million Nigerians working in the informal sector seemed to be walking into old age poverty due to lack of structured pension plan, Inspenonline can report. According to available data, there are about 60 million working individuals in Nigeria of which 80 per […]
PenCom assures safety of over N14.27tn pension fund assets
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said it is committed to ensuring the safety of over N14.27 trillion pension fund assets with adequate protective structures already entrenched. The Commission also promised to continue to develop and implement innovative polices to foster safety […]
PenCom pegs en bloc payment on one third of national minimum wage
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said where the fixed portion of Retirement Savings Account (RSA) balance cannot procure monthly pension/annuity up to one third of the prevailing national minimum wage, the contributor shall receive their benefits en bloc. Head, Benefits […]
