Disengaged workers Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said since the inception of the Contributory Pension Scheme (CPS), N49.55 billion has been paid to 159,361 disengaged Nigerian workers who could not secure a new job after four months. PenCom stated this in its […]
Pension
FG securities gulp N3.87trn pension funds
Mrs Chinelo Anohu-Amazu .Assets N5.73trn in June Leave a comment and share Chuks Udo Okonta Federal Government’s securities have continued to attract more funds from the Contributory Pension Scheme (CPS) as N3.87 trillion out of the N5.73 trillion total fund assets, were invested in bonds and treasury bills in June […]
You are invited to the 2015 Nigerian Insurance and Pension Awards
All is set for the 2015 Nigerian Insurance & Pension Awards. Our friends are all invited to this glorious event that will help deepen pension and insurance in Nigeria. Experts to brainstorm on creating robust pension benefits for retirees How to create a robust pension benefits for retirees would be […]
FG withholds pension remittances since October 2015
DG PenCom, Mrs Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta The Federal Government’s inability to remit pension contributions in the last 11 months, has heightened apprehension amongst the public who do not want a return to the ugly period that led to the introduction of the Contributory […]
PenOp hunts for researcher
Executives of PenOp Leave a comment and share Chuks Udo Okonta The Pension Fund Operators Association of Nigeria (PenOp) wants to recruit a researcher that will help expand its technical capabilities, Inspen has learnt. The Chairman, Eguarekhide Longe, who disclosed this, said the association has also commenced the process of […]
Kenya’s Biggest Pension Fund Turns to Private Equity for Returns
.National Social Security Fund also mulls investments abroad .Fund’s change in focus comes after returns of 3% in 2015 Kenya’s largest pension fund is turning to private equity and seeking investments abroad to boost returns rather than relying on a traditional strategy of buying and holding assets. “We try our […]
Low investment returns taking a toll on U.S. pension funds
SAN FRANCISCO/NEW YORK | BY RORY CARROLL AND EDWARD KRUDY For the second straight year, U.S. public pension funds have fallen well short of their investment targets, swelling their vast unfunded liabilities and placing a greater burden on municipalities to offset the underperformance through increased contributions, estimates show. The funds, […]
Low investment returns taking a toll on U.S. pension funds
SAN FRANCISCO/NEW YORK | BY RORY CARROLL AND EDWARD KRUDY Reuters For the second straight year, U.S. public pension funds have fallen well short of their investment targets, swelling their vast unfunded liabilities and placing a greater burden on municipalities to offset the underperformance through increased contributions, estimates show. The […]
Lagos Pays N891 million to 324 retirees
Mrs Onanuga The Lagos State Government has again, paid the sum of N891 million to 324 retirees from the Mainstream Civil Service, Local Governments, State Universal Basic Education and other Parastatals of government for the month of July, 2016. Speaking at the 29th Retirement Benefit Bond Presentation Ceremony which took […]
California teacher pension fund grew 1.4 percent last year
California’s teacher pension system says its investments earned 1.4 percent in the last fiscal year. The figure released Tuesday falls short of the 7.5 percent target for the California State Teachers’ Retirement System. But CalSTRS officials say they’re still on track to pay down the system’s unfunded liability by 2046, […]
