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
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 […]
LeapFrog takes stake in ARM Pension Managers
Leave a comment and share Chuks Udo Okonta LeapFrog Investments has invested an undisclosed amount in ARM Pension Managers, one of the largest pensions fund administrator (PFA) in Nigeria with about $1.8bn in funds under management. The investment in ARM Pensions will tap a rapidly growing pensions market, with a […]
Lagos State makes prompt pension payments to retirees with disabilities
Lagos State Governor, Akinwunmi Ambode Leave a comment and share Chuks Udo Okonta The Lagos State Government has promised to pay pensioners with disability or terminal illness their pensions immediately after they retire. The Director General, Lagos State Pension Commission (LASPEC), Mrs. Folashade Onanuga, who stated this at the 14th […]
