Pension

Pension

17 micro pension contributors get funds from savings portion

Leave a comment and share Chuks Udo Okonta Having made contributions toward targeted projects, 17 contributors to the Micro Pension Plan (MPP) have withdrawal N4.38 million from their savings portion in the first quarter of 2021. The National Pension Commission (PenCom) on withdrawals from the contingent portion of micro pension […]

Pension

PenCom recovers N608.56m from 25 defaulting employers in Q1 2021

Director-General, PenCom, Mrs. Aisha Dahiru-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said it recovered N608,554,747.59 representing principal contribution N162,385,260.05 and penalty N446,169,487.54 from 25 defaulting employers in the first quarter of 2021. PenCom stated this in the first quarter report published on its […]

Pension

PenCom to enrol 21,000 retirees with new application

From left: Sola Adeseun (PM, South-West Zonal Office, PenCom), Polycarp Anyanwu (Head, Information & Communication Technology Department, PenCom), Anyim C. Nyerere (Commissioner Technical, PenCom), Abdulrahman Salem (Head, Contribution & Bond Redemption Department, PenCom), Dr. Alayande (Head, South-West Zonal Office, PenCom at the event. Leave a comment and share Chuks Udo […]

Pension

PenCom stops fee charges on micro pension fund below N5m

Director General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has mandated Pension Fund Administrators (PFAs) with micro pension fund under management below N5 million to stop paying fee charges. PenCom in a circular, entitled; Circular on Fee Structure for the […]

Pension

Lagos state pays over N32bn to 7,998 pensioners in two years

Leave a comment and share Chuks Udo Okonta Lagos State Government has paid 32,276,395,658.43 (Thirty-Two Billion, Two Hundred and Seventy-Six Million, Three Hundred and Ninety-Five Thousand, Six Hundred and Fifty-Eight Naira, Forty-Three Kobo) to 7,998 Retirees in the past two years. The Director-General, Lagos State Pension Commission (LASPEC), Babalola Obilana, […]

Pension

PFAs invest over N1.64tn in banks

Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) as at April 2021 have invested N1.64 trillion in bank placements, while N96.53 billion was invested in commercial papers, amounting to N1.74 trillion gulped by local money market securities. Data obtained from the National Pension Commission (PenCom) also […]

Pension

91,499 RSA holders join CPS in four months

Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta More Workers have continued to embraced the Contributory Pension Scheme (CPS) as 91,499 Retirement Savings Account (RSA) holders were registered by the Pension Fund Administrators (PFAs) in four months ranging from January to April 2021. Data obtained from the […]