Takor Leave a comment and share Chuks Udo Okonta A Legal Practitioner and the Executive Director, Centre For Pension Right Advocacy, Ivor Takor, has lauded the steps taken by the National Insurance Commission (NAICOM) and National Pension Commission (PenCom) in addressing challenging clogging the marketing of Retiree Life Annuity (RLA) […]
Pension
Global top 20 pension fund assets rebound strongly
Assets under management (AuM) at the world’s 300 largest pension funds increased in value by 8.0% to a total of $19.5 trillion in 2019, in contrast to the 0.4% decline the year before, according to the latest top 300 pension funds research from Willis Towers Watson’s Thinking Ahead Institute. The […]
PenCom, NAICOM to sanction PFAs, RLA providers for mis-selling, de-marketing, other infractions
From left: Acting Director-General, National Pension Commission, Mrs. Aisha Dahir-Umar and Commissioner for Insurance, Sunday Thomas at the signing off the Revised Regulation on Retiree Life Annuity, the Guidelines on Group Life Insurance Policy for Employees and CPS Retiree Pack in Abuja. Leave a comment and share Chuks Udo Okonta […]
PTAD to remove 21,227 parastatals pensioners from payroll
Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) has concluded arrangements to remove 21,227 (Twenty-One Thousand, Two Hundred and Twenty-Seven) Parastatal Pensioners who are on the Directorate’s payroll with effect from October 2020. The affected Parastatal Pensioners are those that did not turn up […]
PenCom, NAICOM move to tackle de-marketing by pension, insurance operators, sign MoU
From left: Acting Director-General, National Pension Commission, Mrs. Aisha Dahir-Umar and Commissioner for Insurance, Sunday Thomas at the event. Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) in an epoch-making ceremony today in Abuja, signed off the Revised Regulation […]
PFAs get N978,492.50 from 25,691 micro pension contributors
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said a total of 25,691 contributors had registered under the Micro Pension Plan (MPP), as at the end of third 2019 and contributed N978,492.50 to their Retirement Saving Accounts (RSAs). PenCom noted that 4,257 contributors were registered […]
Lagos State pays N1.01bn to 218 retirees in August 2020
From left: Executive Director, Finance & investment Lagos State Pension Commission, Olumuyiwa Oshin, a retiree and the Director-General, Babalola Obilana, during the 78th batch Bond Certificates presentation ceremony in Lagos. Leave a comment and share Chuks Udo Okonta The Lagos State Government said a total number of 218 retirees have […]
PenCom recovers N16.37bn outstanding pension contributions from defaulting employers
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said total recoveries of outstanding pension contributions and penalty from defaulting employers from inception of the Contributory Pension Scheme (CPS) to September 2019, amounted to N16.37 billion, comprising principal contributions of N8.37 billion and penalty of N8.00 […]
331,003 temporary disengaged RSA holders get N116.88bn benefits
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said 331,003 Retirement Saving Account (RSA) holders who temporary loss their jobs were paid N116.88 billion as at third quarter of 2019. PenCom stated this in its third quarter report of 2019, adding that within the third […]
FG pays N14.92bn accrued rights for CPS retirees
Leave a comment and share Chuks Udo Okonta The Federal Government has released the sum of N14.92 billion for the payment of accrued rights for retirees under the Contributory Pension Scheme (CPS). A statement by the Head, Corporate Communications Department, PenCom, Peter Aghahowa, stated that the amount will cover four […]
