Pension

Pension

Unhealthy competition pushes RSA transferred fund to N420.28bn

Kindly leave a comment and share Chuks Udo Okonta The quest by Pension Fund Administrators (PFAs) to get existing Retirement Savings Account (RSA) holders as against prospecting fresh contributors has pushed transferred pension fund to N420.28 billion. Inspenonline gathered that the quest now forces RSA holders to transfer their funds […]

Pension

PenCom clears 181 employers for Fed Govt business

Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) as at January 13, 2023, has issued certificate of compliance to 181 employers to enable them transact business with the federal government. PenCom stated this in a document entitled: Schedule of Employers Issued with Certificate of […]

Pension

FG releases N13.89bn for payment of CPS 2022 retirees

Kindly leave a comment and share Chuks Udo Okonta The Federal Government has released N13.89 billion for payment of accrued pension rights for Contributory Pension Scheme (CPS) retirees who retired in the year 2022, National Pension Commission (PenCom) has said. PenCom noted that the release for for retirees under treasury-funded […]

Pension

Issues in pension enhancement vis-à-vis pension review and constitutional provision by Ivo Takor

Kindly leave a comment and share The National Pension Commission (PenCom) on 20 December, 2022 announced pension enhancement for retirees on programmed withdrawal under the Contributory Pension Scheme (CPS), who have accumulated significant growth in their Retirement Savings Accounts (RSAs) with effect from February 2023. The current enhancement will be […]

Pension

Premium Pension hits N1tn assets under management

Kindly leave a comment and share Chuks Udo Okonta Premium Pension Limited, one of the first seven Pension Fund Administrators (PFAs) to be licensed in December 2005 has attained a position of over N1 trillion in Assets under Management (AUM). A statement by the firm’s Head, Corporate Communications, Aliyu Mohammed […]

Pension

Dr. Tonia Smart: One death too many

Kindly leave a comment and share No doubt, death is a necessary end for all mortals and like pilgrims that we truly are, everyone will one day literally get to his journey’s terminal point. This calls for deep introspection by all on how best to spend our lives while on […]

Pension

Programmed withdrawal retirees get third pension enhancement

Kindly leave a comment and share Chuks Udo Okonta Retirees under the Programmed Withdrawal (PW) monthly pension benefits have been granted enhancement package by the National Pension Commission (PenCom). PenCom announced this in a document entitled: ‘Third Edition of Pension Enhancement for Retirees on Programmed Withdrawal Under the Contributory Pension […]