Dr. Chioma Ejikeme Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) has received the sum of £26,505,862.97 (Twenty Six Million, Five Hundred and Five thousand, Eight hundred and Sixty-two Pounds, Ninety-Seven Pence) repatriated from the United Kingdom. These pension funds had hitherto been under […]
Pension
LASPEC implores prospective retirees to embrace early documentation
Leave a comment and share Chuks Udo Okonta The Lagos State Pension Commission (LASPEC) has urged prospective retirees in the State civil service to ensure they begin documentation six months prior to their retirement. This was made known during the 20th Pre-Retirement documentation Seminar. The virtual seminar, held on the […]
CSR: Premium Pension offers free eye cataract surgery to 200 aged persons
A cross section of the beneficiaries of the Free Eye Cataract Surgery at the event. Leave a comment and share Chuks Udo Okonta Premium Pension Limited as part of its ongoing Corporate Social Responsibility (CSR) project has partnered a Non-governmental organisation Charity To Cheer Foundation to sponsored free eye cataract […]
PenCom to enrol 21,000 retirees with new application
From left: Sola Adeseun (PM, South-West Zonal Office, PenCom), Polycarp Anyanwu (Head, Information & Communication Technology Department, PenCom), Anyim C. Nyerere (Commissioner Technical, PenCom), Abdulrahman Salem (Head, Contribution & Bond Redemption Department, PenCom), Dr. Alayande (Head, South-West Zonal Office, PenCom at the event. Leave a comment and share Chuks Udo […]
PenCom stops fee charges on micro pension fund below N5m
Director General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has mandated Pension Fund Administrators (PFAs) with micro pension fund under management below N5 million to stop paying fee charges. PenCom in a circular, entitled; Circular on Fee Structure for the […]
Lagos state pays over N32bn to 7,998 pensioners in two years
Leave a comment and share Chuks Udo Okonta Lagos State Government has paid 32,276,395,658.43 (Thirty-Two Billion, Two Hundred and Seventy-Six Million, Three Hundred and Ninety-Five Thousand, Six Hundred and Fifty-Eight Naira, Forty-Three Kobo) to 7,998 Retirees in the past two years. The Director-General, Lagos State Pension Commission (LASPEC), Babalola Obilana, […]
PFAs invest over N1.64tn in banks
Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) as at April 2021 have invested N1.64 trillion in bank placements, while N96.53 billion was invested in commercial papers, amounting to N1.74 trillion gulped by local money market securities. Data obtained from the National Pension Commission (PenCom) also […]
91,499 RSA holders join CPS in four months
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta More Workers have continued to embraced the Contributory Pension Scheme (CPS) as 91,499 Retirement Savings Account (RSA) holders were registered by the Pension Fund Administrators (PFAs) in four months ranging from January to April 2021. Data obtained from the […]
PTAD begins payment of consequential pension increment
Dr. Chioma Ejikeme Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) has commenced payment of consequential adjustment to pensioners under Defined Benefit Scheme (DBS). A statement by the Head, Corporate Communications, PTAD, Olugbenga Ajayi, said this is in fulfilment of the Executive Secretary, PTAD, […]
PenCom gives employers July 31 deadline to display group life insurance certificates
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has asked employers to display their group life insurance certificates on or before July 31, 2021 to avoid prosecution. The pension sector regulator which has a joint regulatory policy with the National Insurance Commission […]
