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Contributory Pension Scheme

Expert seeks increased awareness on multi-fund investment structure

A Chartered Insurer and former Managing Director of Linkage Assurance Plc, Dr. Pius Apere, has kicked against the multi-fund investment structure introduced last year by the National Pension Commission (PENCOM), stressing that the Pension Fund Administrators (PFAs) have not created enough awareness on the initiative.

The coming of micro pension plan

True to the notification, on Thursday, March 28, President Muhammadu Buhari launched the micro pension plan (MPP) which automatically extends retirement benefits to millions of self-employed workers in the informal sector.
Governor of Edo State, Mr. Godwin Obaseki

Edo council workers to benefit from contributory pension scheme

Governor Godwin Obaseki of Edo State has directed that local government workers in the State be incorporated into the contributory pension scheme.

Pension: Lagos signs 18 percent new CPS contribution rate into law

The Lagos State Pension Commission (LASPEC) on Sunday said that Gov. Akinwunmi Ambode has signed into law the Amended Lagos State Pension Reform Law.

PenCom begs retired 65-year-old teacher not to kill self

In reaction to the plan by a 65-year-old retired teacher who served in the Bauchi State Civil Service, Mr Alhamdu Dan’Azumi, to terminate his own life, the National Pension Commission (PenCom) on Friday promised to assist him in getting his entitlement.

PenCom recovers N564.67 million un-remitted pension

The National Pension Commission says it has recovered pension contributions and interest totalling N564.67million from defaulting employers during the third quarter of 2018.

PenCom to attract 60 million enrolees, N3 trillion growth

The National Pension Commission (PenCom) is set to attract 60 million Nigerians in the informal sector to the pension scheme and hit N3 trillion assets growth.

PenCom: Federal government borrowed N6.1 trillion from pension assets

The Federal Government has borrowed about N6.16 trillion out of the N8.49 trillion pension assets under the Contributory Pension Scheme.

PenCom: Pension funds hit N8.45 trillion

Latest operational report from the National Pension Commission (PenCom) has revealed that Nigeria’s Pension Assets under the Contributory Pension Scheme (CPS) now stands at N8.45 trillion.
Lagos Akinwunmi Ambode

Lagos pays N166 billion into contributory pensions account

Lagos State has funded its employees’ Retirement Savings Accounts (RSAs) under the Contributory Pension Scheme (CPS) with N166 billion in the last 11 years, Governor Akinwunmi Ambode has said.
Some civil servants in Abia on Monday commended the State Government for prompt payment of their December salaries and pensions.

Payment of December salaries, pension excites Abia workers

Some civil servants in Abia on Monday commended the State Government for prompt payment of their December salaries and pensions.

Federal government to release N4 billion as pension for professors, permanent secretary

The Federal Government is set to release N4bn to kick-start the payment of full salaries as minimum pensions for some categories of retirees under the Contributory Pension Scheme.
President Muhammadu Buhari has lauded Nigerians for curbing excessive taste for foreign products, which has positioned the country for food self-sufficiency, and resulted into savings of over $21 billion.

[email protected]: Why we love this President

“That’s him, that’s him,” the two old women, wrinkled and bent with age, exclaimed. You could see wonderment and fulfillment in their eyes. And as if on cue, they both began to cry.

Lagos government to fast-track pension payment to retirees with terminal ailments

The Lagos State Government says it will henceforth fast-track the payment of gratuity and pension to retirees living with terminal diseases.
President Muhammadu Buhari has lauded Nigerians for curbing excessive taste for foreign products, which has positioned the country for food self-sufficiency, and resulted into savings of over $21 billion.

Pensioners: Muhammadu Buhari unparalleled in contributory pension scheme

Retirees, under the auspices of Nigeria Union of Pensioners, Contributory Pension Scheme Sector (NUPCPS), have written to President Muhammadu Buhari, applauding his administration as the best they have seen in 14 years of the pension scheme.
President Muhammadu Buhari has lauded Nigerians for curbing excessive taste for foreign products, which has positioned the country for food self-sufficiency, and resulted into savings of over $21 billion.

Pensioners write commendation letter to Muhammadu Buhari

Retirees under the aegis of Nigeria Union of Pensioners Contributory Pension Scheme Sector (NUPCPS) have written to President Muhammadu Buhari, applauding his administration as the best in 14 years of the pension scheme.

Lagos to fast-track pension payment to retirees with terminal ailments

The Lagos State Government says it will henceforth fast-track the payment of gratuity and pension to retirees living with terminal diseases.

Kano government inaugurates technical committee on contributory pension scheme

The Kano State Government has inaugurated a 12-member Technical Committee on the State Contributory Pension Scheme.

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