Leave a comment and share The quest to enroll over 50 million workers in the informal sector into Contributory Pension Scheme (CPS) using Micro Pension initiative, remains a task for National Pension Commission (PenCom) and pension operators. Chuks Udo Okonta in this report, examines the role of customer service in […]
Pension
Pensioners seek release of N51b accrued right
Pensioners The Nigeria Union of Pensioners (NUP) has urged the Federal Government to release N51 billion accrued right to enable the National Pension Commission (PenCom) to live up to its mandate to pay retirees. Its President, Mr Abel Afolayan said the problem of late payment to pensioners was caused by […]
PFAs woo subscribers with new rule on annuity
Leave a comment and share Chuks Udo Okonta Some Pension Fund Administrators (PFAs) are already reaching out to Retirement Saving Account (RSA) holders to position themselves for opportunities to be created by the circular on Strengthening the Administration of Retirement Benefits under the Pension Reform Act (PRA) 2014, issued recently […]
Premium Pension pays N113bn to retirees
Retirees By Gregory Mmaduakolam The management of Premium Pension Limited says it holds more than 744,000 contributory Retirement Savings Account (RSA) of retirees and has paid N112.9 billion as pension. Mr Wilson Ideva, the company’s Managing Director, announced this in a statement by Paddy Ezeala, Head, Corporate Communications of the […]
Why annuity assets should be transferred to PFCs – PenCom
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) says the decision to move annuity assets from life insurance companies to Pension Fund Custodians (PFCs) is to ensure consistency with Pension Reform Act (PRA) 2014 and strengthen the processing of administration of retirement benefits. PenCom disclosed […]
N.J. pension bill would give more rights to public workers’ spouses
By Samantha Marcus TRENTON — Public workers who want to cut their spouses out of inheriting their pensions to maximize benefits would have to get the loved one’s permission under a bill before the state Legislature. The bill (S642), aimed at members of the Teachers’ Pensions and Annuity Fund, the […]
PFAs pay N6.35bn to retirees monthly
From left: Head, Benefits and Insurance, National Pension Commission, Olulana Loyinmi; President, Pension Fund Operators Association of Nigeria (PenOp), Longe Eguarekhide and Head, Micro Pensions Department, Polycarp Anyanwu at an event in Calabar. Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) are paying N6.35 billion to […]
Canada’s pension funds will invest more in India: Navdeep Bains
Canadian pension funds will make additional investments in India as they view it as an important market, a top minister said as he signalled his government’s commitment to deepen trade and economic ties with New Delhi. “I have no doubt that the response has been very positive from the pension […]
PenCom tackles PFAs over poor customer service
From left: Head, Benefits and Insurance, National Pension Commission, Olulana Loyinmi; President, Pension Fund Operators Association of Nigeria (PenOp), Longe Eguarekhide and Head, Micro Pensions Department, Polycarp Anyanwu at the event. Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said the poor customer service […]
PenCom underscores benefits of micro pension
Leave a comment and share Chuks Udo Okonta Do you know that Micro Pension provides a passage of wealth to survivors in the event of death of the subscriber? This and many more benefits are the gains you would derive as you key into the scheme which would soon takeoff […]
