Governor Ambode The implementation of Pension Reform Act (PRA) 2004 as repealed by PRA 2014 has been beneficial to government, in that it imposes fiscal discipline in budgetary processes and encourages labour market flexibility while pensioners are no longer at the mercy of employers. These were the remarks of the […]
Pension
PenCom clears another insurer to sell annuity
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has cleared another life insurer to sell retirement benefits annuity, bringing the number of operators that have met the new annuity rules to five. The certified firms now are: Custodian Life Limited; FBNInsurance Limited; Leadway Assurance Limited; […]
Reps seek 50% pension benefits for disengaged workers
Dogara House of Representatives has set in motion machinery to ensure that workers on contributory pension scheme can access a minimum of 50 percent of the credit balance on their Retirement Savings Accounts (RSA), irrespective of the age at which they retire, or are disengaged. A bill seeking amendment to […]
Lagos State pays N684m to 218 retirees
Mrs Onanuga presenting certificate to a retiree LASPEC wins award Leave a comment and share Chuks Udo Okonta The Governor of Lagos State, His Excellency, Akinwunmi Ambode, has released the sum of N684 million to pay accrued pension rights to 218 retirees from the Mainstream Civil Service, Local Governments, and […]
AIICO Pension Managers appoints non executive director
Leave a comment and share Chuks Udo Okonta AIICO Pension Managers Limited, has announced the appointment of Dr. Ms. Adenike Fajemirokun, as a member of its Board of Directors. A statement by the Head Strategic Planning and Corporate Communications, of the firm, Tunde Ottun, noted that Dr. Fajemirokun, who is […]
Faces at today’s retirement mata programme
From left: Managing Director Inspen Media, Chuks Udo Okonta; Vice Chairman, Nigeria Labour Congress, Comrade Okuneye Olukayode and On-Air Personality, Naija FM, Isaac Osamoje (Osam) at the event. Vice Chairman, Nigeria Labour Congress, Lagos Chapter, Comrade Okuneye Olukayode On today’s retirement mata we considered what the Nigeria Labour Congress is […]
CPS: Workers urged to report cases of non-subscription to PenCom
Chuks By Edet Udoh Those working for individuals or companies whose employers are yet to subscribe to the Contributory Pension Scheme (CPS) as mandated by law have been urged to report the case to the National Pension Commission (PenCom). The call was made by the Managing Director/Chief Executive Officer of […]
Expert cautions lawmakers on amendment of PRA 2014
Takor By Edet Udoh The former board member of the National Pension Commission (PenCom), Ivor Takor, has called on Nigerian lawmakers to tread with caution in their moves to amend the Pension Reform Act (PRA) 2014 in order not to jeopardize the real essence of establishing the scheme. Speaking at […]
Fed Govt’s workers enrolment begins July 3 – PenCom
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) says comes July 3, 2017, it will embark on a nationwide pre-retirement enrolment exercise for retiring employees of Federal Government Treasury Funded Ministries, Departments and Agencies for the purpose of payment of retirement benefits. A statement by […]
The imperative of contributory pensions
Omagbitse A couple of weeks ago, a participant at a workshop drew my attention to the fact that the Rivers State Government had shut down over 1,800 illegal schools in the State and was planning to do much more in the months ahead. The context of our discussion was Pensions […]
