Governor Ambode The Lagos State Government has credited N466.855 million to the Retirement Savings Accounts (RSAs) of 187 of its retirees under the Contributory Pension Scheme (CPS) for the month of July. More retirees from the State Universal Basic Education Board (SUBEB) benefitted from this batch of payment. A statement […]
Pension
How PFAs fared on RoI half year 2018
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) have continued to harvest good Return on Investment paving ways for improved interest for Retirement Saving Account (RSA) holders. This tremendous growth, prompted the National Pension Commission (PenCom) in December 2017, to mandate PFAs to […]
PenCom to enrol 3000 retiring FG employees in Lagos, Ogun
PenCom staff attending to the would be retirees Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has commenced a verification and enrolment exercise for about 3000 employees of Federal Government Ministries, Departments and Agencies (MDAs) in Ogun and Lagos States that are Treasury-Funded. The Head, […]
Pension assets soar to N8.14trn as FG securities gulp N5.71trn
Acting DG, Mrs. Aisha Dahiru-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) says the total pension fund assets as at May 2018, was N8.14 trillion. PenCom stated this in its monthly report, which detailed the summary of pension fund assets as at May 31, […]
PenOp, NSE strategise on multi-fund structure
The Pension Fund Operators Association of Nigeria (PenOP) members have met the Nigerian Stock Exchange (NSE) to discuss how the capital market can be developed, especially in light of the Multi-Fund Structure that was kicked off by the pensions industry recently. PenOp President, Mrs Aderonke Adedeji made this known when […]
Experts urge State Governments to set aside sinking funds for pension backlog
From left: Chris Dieke, Zonal Business Manager, South-East, Premium Pension Limited, Mr Chidi Ezema, Head of Service, Enugu State Government, Mrs Kemi Oluwashina, Executive Director, Business Development, South and Strategy, and Paddy Ezeala, Regional Manager, South – East during a courtesy visit to the Head of Service, Enugu State recently. […]
Lagos State expends N38bn on 9,214 retirees
Governor Ambode * New batch of 169 retirees get N716,951m Leave a comment and share Chuks Udo Okonta The Lagos State Government has again credited the sum of N716,951 million into the Retirement Savings Accounts (RSA) of 169 retirees from the Public Service for the month of June. 120 retirees […]
Lagos trains pension officers on digital applications, others
Ambode The Lagos State Government has empowered officers of the Lagos State Pension Commission on innovative application of computing skills for higher efficiency. Governor Akinwunmi Ambode who spoke at the opening session of the workshop tagged: ‘Refresher Course on Computing and Digital Applications’ LASPEC said it is well known that […]
2018 Federal Government Budget: The Pains, Anger and Frustration of Federal Government Retirees and Families of Deceased Federal Public Servants
Takor 2018 Federal Government Budget: The Pains, Anger and Frustration of Federal Government Retirees and Families of Deceased Federal Public Servants By Ivor Takor, MNI The failure to payment of retirement benefits including death claims as and when due, is at the heart of the public sector pension crisis in […]
Less than 5% of N1.6trn pension fund earmarked for infrastructure is accessed- PenCom
From left: Former President, Nigerian Council of Registered Insurance Brokers, Mrs Laide Osijo; Head, Contribution & Bond Redemption Department, National Pension Commission, Olulana Loyinmi; President, Chartered Insurance Institute of Nigeria, Funmi Babington-Ashaye and Chairman, Nigerian Insurers Association, Eddie Efekoha at the event. Leave a comment and share Chuks Udo Okonta […]
