Dr. Chioma Ejikeme Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) has embarked on an expanded re-validation and re-computation exercise in a bid to clear all pension arrears and resolve all complaints of short payments and outstanding gratuities for the Civil Service Pensioners and […]
Pension
CSR: Premium Pension sponsors free eye cataract surgery
Leave a comment and share Chuks Udo Okonta As part of the ongoing Corporate Social Responsibility (CSR) project of the Company, Premium Pension Limited in partnership with a Non-governmental organisation Charity to Cheer Foundation sponsored a free eye cataract surgery to 75 aged and indigent persons in Zaria, Kaduna State. […]
PTAD boss Dr. Ejikeme congratulates staff on 2020 promotion
Dr. Chioma Ejikeme Leave a comment and share Chuks Udo Okonta The Executive Secretary Pension Transitional Arrangement Directorate (PTAD), Dr. Chioma Ejikeme, has congratulated two acting directors on the confirmation of their appointment and 15 PTAD staff on their success in the 2020 Promotion Exercise. A statement by Head, Corporate […]
11,374 retirees settle for programmed withdrawal, 1,596 embrace annuity in 3 months
Retirees at an event Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said 11,374 retirees went for programmed withdrawal as means of drawing their monthly pensions, while 1,596 embraced Retiree Life Annuity which is managed by life insurance operators. PenCom in its fourth quarter report, […]
Pension operators get N178.21bn interest on investment in fixed income securities
Leave a comment and share Chuks Udo Okonta The interests/coupons received on investments in fixed income securities amounted to N178.21 billion in Fourth quarter 2020, National Pension Commission (PenCom) has said. This was contained in the fourth quarter report released recently by PenCom. According the pension sector regulator, the amount […]
PenCom recovers N553,03m from 19 defaulting employers
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said following the issuance of demand notices to defaulting employers whose pension liabilities had been established by the Recovery Agents (RAs), the sum of N553,033,652.01, representing principal contribution of N382,462,161.65 and penalties of […]
Job loss: 11,796 disengaged RSA holders get N5.33bn benefits in 3 months
Leave a comment and share Chuks Udo Okonta As more people moved into the unemployment circle due to harsh economic situations, the Contributory Pension Scheme (CPS) is providing succour as 11,796 Retirement Savings Account (RSA) holders have accessed N5.33 billion from their RSA balance in the fourth quarter of 2020. […]
PenOp celebrates amazing female chief executives
Female chief executives in the pension sector Leave a comment and share Chuks Udo Okonta The Pension Fund Operators Association of Nigeria (PenOp) in commemoration of the International Women’s Day, is celebrating amazing female chief executives who dared to be different and challenged the status quo. The Chief Executive Officer […]
Micro pension gains traction as more contributors withdraw from contingent fund
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The Micro Pension Plan (MPP) is gaining popularity as more people are leveraging it to plan their activities and future retirement. According to data obtained from the National Pension Commission (PenCom), during the fourth quarter of 2020, 20 Pension […]
PenCom pushes for data recapture as 5.1m RSAs have incomplete documentation as at Q4 2020
Director-General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has implored pension contributors that are yet to recapture their data with their Pension Fund Administrators (PFAs) to urgently do so to enable them maximize fully benefits in the Contributory Pension Scheme […]
