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
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 […]
PenCom clears 1295 employers to bid FG’s contracts
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has issued certificate of compliance to 1295 employers to bid federal government’s contracts having contributed and remitted their employees’ pension contributions in 2021. PenCom in a document entitled: ‘Schedule of Employers Issued with Certificate of Compliance with […]
Why PRA 2014 is undergoing review – PenCom
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has given reasons for the ongoing review of Pension Reform Act 2014. Speaking during the opening ceremony of a retreat on the review of the Act in Abuja, the Director-General of PenCom, Aisha Dahir-Umar, informed the participants […]
Premium Pension reappoints Mairami as managing director
Leave a comment and share Church The Board of Directors of Premium Pension Limited has approved the reappointment of Umar Sanda Mairami as the Managing Director/Chief Executive Officer for another term effective from 2nd January, 2022. A statement by the firm’s Head, Corporate Communications, Aliyu Mohammed Ali, said Mairami was […]
FG releases additional N31.97bn for payment of 2021 retirees accrued pension rights
*Releases hit N48.64bn Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) announced an additional release of N31.97 billion by the Federal Government for the payment of Accrued Pension Rights to 2021 retirees of Treasury-funded Ministries, Departments and Agencies (MDAs). A statement by the Head Corporate […]
PFAs to submit annual media campaign plan this month
Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) are expected to submit their 2022 media campaign plan to the National Pension Commission (PenCom) on or before January 31, 2022. The media campaign plan will detail arrangements set for the creation of awareness on Micro Pension Plan […]
FG release of N16.67bn accrued pension rights is beautiful new year presents for 2021 retirees – Takor
Leave a comment and share Chuks Udo Okonta The Director, Centre for Pension Right Advocacy, Takor Ivor, has said the release of N16.67 billion by federal government for payment of pension accrued rights is new year presents for 2021 retirees. He told Inspenonline that that the release is an evidence […]
