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, […]
Pension
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 […]
N14.78bn transferred by 12,681 displeased RSA holders in Q1 2021
Director-General National Pension Commission Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta Retirement Saving Account (RSA) holders are really expressing their displeasure with performances of some Pension Fund Administrators (PFAs) as 12,681 of them transferred N47,778,631,048.65 to new operators whom they believed would serve them better. Data obtained […]
12,681 aggrieved RSA holders switch PFAs as at March
Director General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share A total number of 12,681 Retirement Saving Account (RSA) holders have transferred their funds from their former Pension Fund Administrators (PFAs) to new operators as at the end of March 2021, the National Pension Commission (PenCom) has said. A […]
Why PFAs shareholders’ fund was increased to N5bn – PenCom
Director General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said it increased the shareholders’ fund of Pension Fund Administrators (PFAs) from N1bn to N5 billion so as to boost their capacity in terms of operational efficiency and service delivery. PenCom […]
Pension fund assets rebound soared to N12.34tn in March
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The pension fund assets has rebounded gaining about N100 billion as at the month of March 2021, moving from N12.24 trillion in February to N12.34 trillion. According to the National Pension Commission (PenCom) in its unaudited report of pension […]
PenCom clears 15,418 employers to seek FG’s jobs
PenCom’s Director-General, Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) had as at May 10, 2021, issued compliance certificates to 15.418 employers who want to do business with the federal government. PenCom stated this on a publication entitled: Schedule of employers issued with […]
