Health and Welfare Minister Chung Chin-youb speaks during a meeting of the NPS fund management committee at a hotel in Seoul, Wednesday. (Yonhap) South Korea’s pension behemoth is suffering an exodus of fund managers ahead of its planned relocation from Seoul to Jeonju, North Jeolla Province, in late February, according […]
Pension
Assemblies of God Denies Knowledge of Missing N2.7bn Ministers’ Pension Funds
Christopher Isiguzo in Enugu The Assemblies of God Church, Nigeria in Enugu has dismissed as false and mischievous media reports linking its leaders to the alleged disappearance of N2.7 billion pension funds belonging to retired pastors of the church. The Church, which is presently struggling with leadership crisis, also denied […]
PRA: Senator proposes bill to provide 75% lump sum for retirees
Leave a comment and share Chuks Udo Okonta A bill seeking the provision of 75 per cent as pension lump sum for retirees has been proposed before the Senate, Inspen can report. The bill which was sponsored by Senator Aliyu Magatakada Wamako, seeks amendment of some sections of the Pension […]
Why FG is yet to pay accrued pension
By Racheal Ishaya The Federal Government is crrently unable to meet its obligation to its retirees because it cannot cash back the Federal Government Retirement Benefits Bonds currently sitting at the Central Bank of Nigeria. Findings by our correspondent show that the Federal Government is currently owing its former workers […]
PTAD Drops 15,600 Pensioners Off Its Payroll
By Abdullateef Salau The Executive Secretary of Pension Transitional Arrangement Directorate (PTAD), Mrs Sharon Ikeazor, on Tuesday says the directorate has suspended 15, 600 pensioners from its payroll due to lack of Bank Verification Number (BVN). She also said the agency was set to commence verification of Nigerian pensioners in […]
National survey reveals stakeholders’ dissatisfaction with Contributory Pension Scheme
A national survey on the Contributory Pension Scheme established over a decade ago by the Federal Government has revealed the dissatisfaction of some stakeholders with the implementation of the scheme. In the survey conducted by the News Agency of Nigeria (NAN) across states of the federation, some respondents however, commended […]
New Nigerian company ‘to boost pension fund investments in infrastructure’
A new company that will enable pension funds to invest in Nigerian infrastructure bonds is set to be launched in a few weeks’ time, the head of the country’s sovereign wealth fund has said.10 Jan 2017 Energy and infrastructure finance Projects Infrastructure Financial Services Africa Western Africa Uche Orji, chief […]
Ogun federal retirees groan over unpaid pensions, gratuities
Federal retirees in Ogun on Tuesday lamented the hardships they are facing due to non-payment of their pensions and gratuities. Addressing a news conference in Abeokuta, the retirees, under the auspices of the Contributory Pensioners Association of Nigeria (COPAN), said they had been neglected. The leader of the association, Mr […]
Canadian pension funds may pump $3 billion into Maharashtra
By Krishna Kumar Canadian pension funds, armed with $3 billion, may soon invest in the development of Maharashtra. The Canadian government is in talks with officials in Maharashtra to deploy its pension funds for creating a water grid, financing the housingfor-all schemes, helping the upcoming International Finance Centre at BKC, […]
FG budgets N103.07m pension for State House Hqters staff
Buhari Leave a comment and share Chuks Udo Okonta The Federal Government has budgeted N103,065,827 million as 2017 pension contributions for staff of State House Headquarters, Inspen can report. The amount is contained in the 2017 proposed budget presented by President Muhamadu Buhari to the National Assembly. Recall the Federal […]
