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 […]
Pension
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 […]
Lagos State pays N1.5bn to 333 retirees
Mrs Onanuga Leave a comment and share Chuks Udo Okonta The Lagos State Government through Lagos State Pension Commission (LASPEC) has paid another set of 333 retirees/beneficiaries from the Mainstream Civil Service, Local Governments, and State Universal Basic Education Board (SUBEB), Teachers Establishment and Pensions Office (TEPO) and other parastatals […]
Fiery protests against Chile’s private pension funds Santiago
Chilean police used tear gas and water cannon to break up a protest Friday against the country’s privatized pension system, which opponents say is leaving many retirees in poverty. Protesters set fire to at least two buses, forcing passengers to flee, and blocked some two dozen streets with burning barricades […]
PenCom targets 250,000 micro pension subscribers in six months
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 Pension (PenCom) hopes to enroll about 250,000 […]
Communique issued at the end of PenCom workshop for journalists
Mrs. Chinelo Anohu-Amazu Communique Issued at the National Pension Commission(PenCom)’s Workshop for Finance, Insurance and Labour Correspondents and Business Editors held at Transcorp Hotel, Calabar, Cross Rivers State on November 2nd &3rd, 2016 Good afternoon ladies and gentlemen This is the communique issued at the end of the PenCom’s training […]
