Leave a comment and share Chuks Udo Okonta The Governor of Lagos State, His Excellency, Akinwunmi Ambode, in the spirit of commemoration of the 50th anniversary of the state, has released N1.05 billion to pay accrued Pension rights of retirees under the Contributory Pension Scheme (CPS) in the State’s Public […]
Pension
PenCom cautions PFAs over delay payment of retirement benefits
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said it has cautioned Pension Fund Administrators (PFAs) observed to be delaying in crediting pension contributions and payment of retirement benefits to retirees. PenCom stated this in its 2016 3rd quarter report, adding that PFAs that delay […]
Lagos verifies non-pensionable staff in LGs, LCDAs
Dr. Oke Leave a comment and share Chuks Udo Okonta The establishment department under the Lagos State Ministry of Establishment, Training and Pensions, in conjunction with the Office of the Head of Service and Office of the Auditor General on the directive of the State Governor, Akinwunmi Ambode have conducted […]
Benue to Commence Contributory Pension Scheme
Benue State will soon commence contributory pension scheme in view of its numerous benefits, according to Mr George Ede, its Head of Service. “Plans have been concluded for the scheme to take-off. It has been accepted nationwide and Benue will not be left out,” Ede said in Makurdi on Wednesday, […]
New annuity arrangement blessing to insurers – Hussain
From left: L-R: Dr Tonia Smart, MD/CEO, YorkCity Limited and Chairperson of the of the awards; Ms Nkechi Naeche ,CEO, BusinessToday Communication; Former DG Laspec Mr Rotimi Adekunle Hussani and Mr Gabriel Esezobor, Business development Manager, Businesstoday communications at the event. Leave a comment and share Chuks Udo Okonta The […]
Disengaged workers get N4bn pension benefits
Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) in the third quarter of 2016, paid N4 billion to 12,464 disengaged workers who have Retirement Saving Account (RSA) and under 50 years but were unable to get another job within four months of their disengagement. The National […]
PFAs inject N4.56trn in FG securities
Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) as at the end of February this year, invested N4.56 trillion (72.36 per cent) out of N6.30 trillion pension assets in Federal Government’s securities, Inspen has learnt. The National Pension Commission (PenCom) stated this in its summary of […]
Ekiti begins contributory pension scheme
Fayose Kamarudeen Ogundele Ekiti State Government has kicked off its Contributory Pension Scheme with 4,938 workers. The State Head of Service, Dr. Olugbenga Faseluka, who made this known at a forum in Ado-Ekiti, said that government started the scheme with workers that were employed in the state public service from […]
Brief: PenCom names Aikhomu head of Benefits, Insurance
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has named Mrs Ekanem Aikhomu, as the Head of Benefits and Insurance Unit. She takes over from Olulana Loyinmi; who was moved to Contributions and Bond Redemption (CBR).
Osinbajo appoints Funso Doherty DG PenCom
Leave a comment and share Chuks Udo Okonta Acting President Professor Yemi Osinbajo has named Funso Doherty as new Director-General for the National Pension Commission (PenCom) Doherty replaces Dikko Aliyu AbdulRahman who has now been appointed as Chairman, Governing Board of the Bank of Industry (BoI). List of the appointees […]
