Pension

Pension

Non implementation of guaranteed minimum pension: Increasing apathy to join, remain in the contributory pension scheme

By Dr. Pius Apere (PhD/FCII) (Actuarial Scientist and Chartered Insurer) Chairman/CEO Achor Actuarial Services Limited Introduction Basically, the Nigerian Pension Industry has been operating two pension regimes concurrently since 2004, namely Pay-As-You-Go (PAYG) defined benefit (DB) scheme (the old unfunded pension regime) and the Contributory Pension Scheme (CPS) under the […]

Pension

PenOp, LeapFrog Talent Accelerator hold leadership development session for pension executives

Leave a comment and share In recognition of the fact that the rapidly changing business environment requires transformational and effective leaders at all levels of the organisation, the Pension Fund Operators Association of Nigeria (PenOp) and the LeapFrog Talent Accelerator (an initiative launched by global impact investment firm, LeapFrog Investments) […]

Pension

37.09m employees await PFAs to embrace CPS

Leave a comment and share Chuks Udo Okonta Of the about 46.49 million employed persons working in the formal sector of Nigeria, just 9.4 million of them had subscribed to the Contributory Pension Scheme (CPS), leaving a whopping of 37.09 million of them out the scheme. Data obtained from World […]

Pension

Pensioners implore FG to pay outstanding monthly benefits

Leave a comment and share Chuks Udo Okonta The Association of Retired Federal Senior Public Officers of Nigeria (ARFESPON), has urged the federal government to prevail on the Pension Transitional Arrangement Directorate (PTAD), to pay up the difference in the monthly benefits payable to pensioners before the implementation of minimum […]