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Contributory Pension Scheme

PenCom recovers N1.34 billion pension in third quarter of 2017

The National Pension Commission (PenCom) has recovered pension contributions and interest totalling N1.34billion from defaulting employers during the third quarter of 2017.

Lagos govt pays N838 million to retirees in February

Lagos State Government has released N838 million to pay accrued pension rights of 141 retirees under the Contributory Pension Scheme for the month of February, 2018.

PenCom: Dead workers’ relatives receive N129bn pension, insurance settlements

A total of 42,851 relatives of deceased workers under the Contributory Pension Scheme have been paid pension and insurance benefits from the commencement of the CPS till September 2017.

Retirees with low savings quit contributory pension scheme

Retirees under the Contributory Pension Scheme who could not be entitled to monthly pensions have withdrawn their money from their respective Retirement Savings Accounts.

Osun govt to commence payment of pensions next month

Osun State Government, on Thursday, disclosed that a sum of N1 billion had been released to 142 beneficiaries ‎of Contributory Pension Scheme (CPS) and N200 million to settle part of the outstanding gratuities of the 2011/2012 retirees.

Osun governor’s office to spend N22 billion in 2018

The Osun Government is to spend N22.2 billion for the running of the office of Gov. Rauf Aregbesola in the 2018 fiscal year, Sen. Mudashiru Husain, the Commissioner for Cabinet Matters, has said.

Over 25,000 pensioners not on FG payroll – NUP

More than 25,000 pensioners are still excluded from Federal Government’s payroll of retirees, according to the Nigerian Union of Pensioners (NUP).

Over 25,000 pensioners not on federal govt payroll – NUP

More than 25,000 pensioners are still excluded from the Federal Government’s payroll of retirees, according to the Nigerian Union of Pensioners (NUP).

Lagos govt retirees receive N1 billion in November

Governor Akinwunmi Ambode has again, delighted Pensioners in Lagos State Public Service, inclusive of Local Government and SUBEB by releasing the sum of N1,075 billion into the Retirement Savings Account (RSA) of 301 Contributory Pension Scheme (CPS) retirees in the month of November.

Lagos pays N1.07 billion to contributory pension retirees

The Lagos State Government said it paid N1.075bn into the Retirement Savings Accounts of 301 retirees under the Contributory Pension Scheme in November this year.

Organised labour suspends strike in Kogi

The strike action embarked upon by the organised labour (Kogi chapter) to press home their demands has been suspended with effect from today, 10th of November, 2017

Osun presents N1.6 billion bond certificates to retirees

Osun State Government has presented retirement bond certificates worth N1.682bn to pensioners, who retired from local government councils and primary schools in the state.

PenCom explains delay in gratuity payment

Some retirees under the Contributory Pension Scheme (CPS) have yet to receive gratuity due to unfunded Defined Benefit Scheme (DBS) backlog owed by the Federal Government.

Why new pension bill must be dropped – SGF

The Office of Secretary to Government of the Federation, SGF, and some stakeholders have opposed the proposed exemption of para-military organisations from the contributory pension scheme.


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