Director-General, Lagos State Pension Commission Mrs. Folashade Onanuga giving palliative packages to a retiree * LASPEC distributes palliatives to retirees Leave a comment and share Chuks Udo Okonta The Lagos State Governor, Babajide Sanwo-olu in the month of April, 2020, approved the release of the sum of N1.030 billion for […]
Pension
Using pension fund for COVID-19 palliatives – Stakeholders react
Leave a comment and share Chuks Udo Okonta Stakeholders have continued to react to the article entitled: Using pension fund for COVID-19 palliatives written by the Director, Centre for Pension Right Advocacy, Ivor Takor and published by Inspenonline on Saturday, April 25, 2020. These are some of the reactions made […]
Using pension fund for COVID-19 palliatives
Takor Leave a comment and share Some media outfits on Saturday 25th April 2020, carried the response of the President of the Nigeria Labour Congress (NLC), Comrade Ayuba Wabba, mni to a question as to wether the Contributory Pension Fund could be used as palliatives as the lockdown entered the […]
Lagos State pays N1.8bn accrued pension rights to 418 retirees
Governor Sanwo-Olu Leave a comment and share Chuks Udo Okonta The Lagos State Government has again paid the sum of N1.8 billion, being accrued pension rights for past Service into the Retirement Savings Account (RSA) of 418 Retirees from the Mainstream Civil Service, Local Governments, State Universal Basic Education and […]
Lagos State to clear backlogs of accrued pension by 2021, pays 466 retirees N1.89bn
Mrs. Onanuga *Retirees to enjoy free health care, bus, ferry services Leave a comment and share Chuks Udo Okonta Maintaining its leading role, Lagos State Government has pledged to clear all outstanding accrued pension rights by 2021. The state, today paid N1.88 billion for 466 retirees. The Directo-General, Lagos State […]
Pension fund assets soar to N10.22tn
*RSA holders contributed N1.48tn in 2019 Leave a comment and share Chuks Udo Okonta The pension Fund assets soared to N10.22 trillion, as at December 31, 2019, the National Pension Commission (PenCom) has said. PenCom disclosed this in its Summary of Pension Fund Assets as at December, 31, 2019, published […]
Investing pension fund in infrastructure
Ivor Takor We have heard and read stories alleging that the Federal Government intend to borrow 2 trillion Naira from pension fund to develop infrastructure. We have have even been asked to comment on the issue. Our position at the Centre For Pension Rights Advocacy on the the matter is […]
PenCom to harmer employers without life insurance for workers, non-remittance of pension contributions
Acting Director-General, PenCom Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission ( PenCom) has directed employees to report any employer that fails to procure the minimum required Life Insurance Policy in their favour not less than three times their annual total emolument and […]
RSA holders inject N1.25tn into pension funds in 11 months as assets soar over N9.99tn
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta Retirement Savings Accounts (RSAs) holders contributed N1.25 trillion within January and November 2019, making the pension fund assets to hit N9.99 trillion. According to the National Pension Commission (PenCom), pension fund assets as at January 2019 stood at N8.74 […]
PenCom directs PFAs to implement pension enhancement for retirees under PW
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has directed all Pension Fund Administrators (PFAs) to implement the second edition of the pension enhancement exercise for retirees on Programmed Withdrawal (PW) mode of retirement. A statement by its Head Corporate Communications, Peter Aghahowa, stated that […]
