In an order that may impact divorce battles between NRI couples in the UK, an appeal court there has decided that a pension-sharing provision does not apply to foreign pensions, but directed a man to pay a monthly maintenance to his former wife from its annuities. The order may make […]
Pension
1.1 million pensioners die awaiting pension in Kwara – NUP
By John Owen Nwachukwu Nigeria Union of Pensioners, NUP, has claimed that a total of 1,126,000 pensioners in Kwara state alone, have died between January 2015 and February, 2017 awaiting their pensions from the state government. The union accused the state government of being the cause of the death of […]
PenCom eyes N280.77bn to keep pension sector afloat in 2017
Mrs Anohu-Amazu Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) says over N280.77 billion is required to settle outstanding pension arrears and current year overheads. Its Director-General, Mrs. Chinelo Anohu-Amazu, said this in a memorandum submitted to the National Assembly Joint Committee on appropriations at […]
Pension funds set to be invested in the stock market
An investor checks stock information on his mobile phone in front of an electronic board showing stock information at a brokerage house in Beijing, Feb 16, 2016.[Photo/Agencies] A total of 360 billion yuan ($52.5 billion) in pension funds has been freed up at a provincial level to pursue long-term asset […]
Benue pensioners embark on prayer over unpaid arrears
By Joseph Wantu Pensioners Pensioners in Benue State have resorted to divine intervention over the unpaid 11 months pension arrears by the State government. Expressing their grievances, after the prayers, Chairman of the Concerned Pensioners, Peter Kyado stated that they had embarked on a three-day sensitization and prayer procession to […]
Premium Pension opens multi-million ultra modern regional office in Lagos
From left: Acting Head of Service, Lagos State, Folasade Adesoye, Commissioner, Inspectorate; PenCom, Professor Mohammed Kaoje; Chairman Premium Pension Limited, Aliyu Dikko and Managing Director Wilson Ideva at the commissioning of the firm’s Lagos Island Regional Office. Leave a comment and share Chuks Udo Okonta Premium Pension Limited, one of […]
PenCom requests N133.02bn for FG retirees in 2017
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has requested for the appropriation of N113,023,255,000.00 for Federal Government retirees in 2017, as against the sum of N50,195,808,918.00 submitted by Federal Government in the 2017 appropriation bill, thereby resulting in a shortfall of N62,827,446,082.00. PenCom made […]
MEMORANDUM SUBMITTED BY THE NATIONAL PENSION COMMISSION TO THE SENATE COMMITTEE ON ESTABLISHMENT AND PUBLIC SERVICE AT THE BUDGET DEFENCE SESSION ON THE 2017 BUDGET ESTIMATES FOR APPROPRIATION
MEMORANDUM SUBMITTED BY THE NATIONAL PENSION COMMISSION TO THE SENATE COMMITTEE ON ESTABLISHMENT AND PUBLIC SERVICE AT THE BUDGET DEFENCE SESSION ON THE 2017 BUDGET ESTIMATES FOR APPROPRIATION 14 FEBRUARY, 2017 1.0 Introduction 1.1 The National Pension Commission (“the Commission” or “PenCom”) would like to express its profound appreciation to […]
Nigeria needs N204bn to settle pension backlog
The League of Federal Service Contributory Pension Retirees says the Federal Government will need N204 billion to clear the backlog of arrears owed its members. Got something awesome to share with the world? Click here to share The Coordinator, Mr. Chike Ogbechie, who decried the non-payment of allowances and pensions […]
Annuity funds feud: Clue from PRA 2014 Section 116 (1)
Notwithstanding the provisions of any other law, no pension funds or assets kept with a Pension Fund Custodian under this Bill shall be used to meet the claims of any of the Pension Custodian’s creditors in the event of liquidation of the Pension Fund custodian and neither shall the pension […]
