Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) has said it would take about 35 to 40 years before the last pensioner under the Defined Benefit Scheme (DBS) passes on. PTAD stated this in a document obtained by Inspenonline, adding that it is highly […]
Pension
Only four states faithfully remitting workers’ pension contributions – PenCom
Leave a comment and share Chuks Udo Okonta Lagos, Kaduna, Edo and Benue are the only four states faithfully remitting their workers pension contributions, the National Pension Commission (PenCom) has said. PenCom stated this in its status of implementation of the Contributory Pension Scheme (CPS) by states, adding that the […]
Pension fund assets soar to N13.61tn in January 2022
Leave a comment and share Chuks Udo Okonta The pension fund assets had paccelerated to N13.61 trillion as at January 31, 2022, the National Pension Commission (PenCom) has said. PenCom stated this in an unaudited report on pension funds industry portfolio for the period ended January 31, 2022, published on […]
PTAD renews commitment to wellbeing of 229,326 pensioners on payroll
Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) has once again reiterated its commitment to the wellbeing of 229,326 pensioners it is presently paying their monthly pension benefits. The Executive Secretary of the Directorate, Dr. Chioma Ejikeme, said this today at a training workshop […]
South Africa draft legislation on retirement reform to be published for comment
SA News Finance minister Enoch Godongwana says a draft legislation that proposes partial access to retirement funds, while encouraging a preservation of a bulk of individual retirement savings, will be published by mid-year. The minister said this when he tabled his Budget Speech at a sitting of Parliament in Cape […]
75% lump sum payment will impoverished pensioners – PenOp
Leave a comment and share Chuks Udo Okonta The Pension Fund Operators Association of Nigeria (PenOp) has said a bill currently being moved by some members of the house of representatives to increase the lump sum payable to retirees to at least 75 per cent of their Retirement Savings Account […]
Exemption of Police personnel from CPS ‘ll push pension liability to about N1.84tn – PenCom
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said the exemption of Police personnel from the Contributory Pension Scheme (CPS) would push pension liability to about N1.84 trillion. The Director General of PenCom, Aisha Dahir-Umar, said this on Tuesday in Abuja during a public […]
Pension fund assets soar by N1.11tn in 2021
Leave a comment and share Chuks Udo Okonta The pension fund assets got an injection of N1.11 trillion last year, moving from N12.31 trillion as at December 31, 2020 to N13.42 trillion in December 31, 2021. Data obtained from the National Pension Commission (PenCom) revealed that Retirement Savings Account (RSA) […]
Tankers drivers, IPMAN to embrace MPP as PFAs register 2,179 contributors in Q3 2021
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) and management of Independent Petroleum Marketers Association of Nigeria (IPMAN) have deliberated on how to implement the Micro Pension Plan (MPP) for its employees and members of the Nigeria Union of Petroleum and Natural Gas Workers (Tanker […]
PRA 2014 review: NLC kicks against exemption of aggrieved employees from CPS
Leave a comment and share Chuks Udo Okonta As stakeholders set for the review of Pension Reform Act (PRA) 2014, the President of Nigeria Labour Congress (NLC) Ayuba Wabba, has cautioned that exemption of some employees that are agitating exit from the Contributory Pension Scheme (CPS) may defeat the primary […]
