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 […]
Pension
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 […]
Pension fund assets soar to N11.09tn, gain N666bn in six months
Acting Director-General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The Pension fund assets stood at N11.09 trillion as June 2020, the National Pension Commission (PenCom), has said. PenCom stated this in its released summary of pension fund assets as at June 30, 2020. The report […]
PenCom targets year end for takeoff of transfer window, prepares operators
Acting Director-General, PenCom Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has expressed optimistic that all necessary preparations will take place to enable opening of the Retirement Saving Account (RSA) transfer window by the end of year 2020. A statement by the […]
Allocation to NPS slows down in June quarter
Anirudh Laskar *Withdrawal has happened from all sectors, across government and private firms *Due to covid‘s effect on firms and the desperation to conserve cash, the growth in the overall NPS sector has remained flat in terms of the number of investors Against the backdrop of widespread job losses and […]
PenCom to review Pension Reform Act 2014
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has initiated the process of reviewing the Pension Reform Act (PRA) 2014 in order to address identified challenges and public clamour, Inspenonline can report. A statement by the Head, Corporate Communications Department, PenCom, Peter Aghahowa, stated that […]
