Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) says it has adopted zero tolerance for non-compliance and consultative supervisory philosophy in the issuance of guidelines and the review of existing ones to further promote sound corporate governance in the industry and ensure […]
Pension
CPS: PenCom hammer dangles on defaulting employers
Takor Leave a comment and share Chuks Udo Okonta Employers of labour who employ over three people and have not joined the Contributory Pension Scheme (CPS), refusing to open Retirement Saving Account (RSA) for their employees as stated in the Pension Reform Act (PRA) 2014, thereby depriving those employees of […]
Lagos State pays N688m accrued pension rights
Ambode Leave a comment and share Chuks Udo Okonta The Lagos State Government has released the sum of N688 million to be paid to 178 retirees from the Public Service Office for the month of October, 2018. A statement by Mrs Ajoke Lawal of Public Affairs Unit, Lagos State Pension […]
95,830 retirees without pension get N23.96bn payoff
Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) have paid N23.96 billion to 95,830 retirees whose total pension contributions could not afford them annuity or programmed withdrawal plans. According the National Pension Commission (PenCom) in its second quarter 2018 report, retirees whose Retirement Savings Account (RSA) […]
PenCom recovers N14.38bn outstanding pension contributions from defaulting employers
*Pulls N49.31bn from 5,427 firms issued clearance certificates Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said it has recovered N14.38 billion, comprising principal contribution of N7.48 billion and penalty of N6.96 billion outstanding pension contributions from defaulting employers since it engaged the services of […]
Premium Pension grows RSA numbers by 4.96% in nine months
From left: Executive Director, Premium Pension Limited, Kabir Tijani; Managing Director/Chief Executive Officer, Umar Mairami; Executive Director, Kemi Oluwashina and Head Corporate Communications, Aliyu Mohammad Ali at the event. * Sets five years strategic plan Leave a comment and share Chuks Udo Okonta Premium Pension Limited says it recorded a […]
PenCom commences pidgin Radio programme
Leave a comment and share In a bid to further enlighten the public on the Contributory Pension Scheme, a radio programme titled “ Retirement Mata ” sponsored by the National Pension Commission debuted on the 26th October, 2018. A statement by the Head, Corporate Communications, PenCom, Peter Aghahowa, noted that […]
PenCom releases new guidelines to regulate voluntary contributions
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) in furtherance of carrying out its mandate of regulating the pension industry has issued new guidelines to regulate the operation of Voluntary Contributions (VC). A statement by the Head, Corporate Communications, PenCom, Peter Aghahowa, stated that it […]
PenCom tackles illegal collection of death benefits
Acting Director General of PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has initiated measures to address complaints from retirees, who alleged that Pension Fund Administrators (PFAs) wrongfully paid death benefits to their Next-of-Kin/Legal beneficiaries, while they are still alive and […]
Pension assets soar to N8.33trn as FG securities gulp N5.78trn
Acting Director General of PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) says the total pension fund assets as at August 31, 2018, was N8.33 trillion, and N5.78 trillion of the amount has been invested in Federal Government’s securities. PenCom stated […]
