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Contributory Pension Scheme
Police retirees under the Contributory Pension Scheme (CPS), supervised by the National Pension Commission (PenCom) are now lamenting over undue delay in the remittance of their accrued benefits said to have accumulated for over one year.
Scores were injured while many Nigerians including journalists were arrested and brutalised by the police during protests against the alleged ineptitude of the President Muhammadu Buhari administration on Monday.
Some insurance and pension experts have called on the Federal Government to urgently intervene in the raging issue of poor pension benefits being paid to some retirees of the Nigeria Police.
The acting Director-General of National Pension Commission, Mrs Aisha Dahir-Umar, has alleged that some of the 36 states operating the Contributory Pension Scheme refused to remit about N3.4 billion pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts (RSAs) with their Pension Fund Administrators (PFAs).
Some of the states operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators, so says the acting Director-General, National Pension Commission, Aisha Dahir-Umar.
The Pension Commission of Nigeria (PenCom) finalised arrangements to commence the verification of prospective retirees who would be retiring in 2020 from the public service.
The Ogun State governor, Prince Dapo Abiodun, has assured civil servants in the state that his administration would meet their expectations steadily.
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.
Governor Godwin Obaseki of Edo State has directed that local government workers in the State be incorporated into the contributory pension scheme.
The Lagos State Pension Commission (LASPEC) on Sunday said that Gov. Akinwunmi Ambode has signed into law the Amended Lagos State Pension Reform Law.
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.
The National Pension Commission says it has recovered pension contributions and interest totalling N564.67million from defaulting employers during the third quarter of 2018.
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.
The Federal Government has borrowed about N6.16 trillion out of the N8.49 trillion pension assets under the Contributory Pension Scheme.
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.
Mr Foluso Daramola, the Ekiti Commissioner for Education, Science and Technology, on Thursday gave an assurance that government would promote adult literacy.
Consumers of Electricity product and other Stakeholders, yesterday vowed to resist implementation of the new power tariff increase announced by the Nigerian Electricity Regulatory Commission, NERC, expected to become effective from July 2020.
President Muhammadu Buhari says his administration has invested close to N1.3 trillion in the education section since he came into office in 2015.
Tottenham Hotspur midfielder Victor Wanyama is on the verge of signing for Club Brugge.
The Chief Judge of Kogi State, Nasir Ajanah, has unconditionally released 16 inmates awaiting trial in Koton-Karfe and Okene correctional facilities of the Nigerian Correctional Service (NCP) in the state.
The death toll from a suicide bomb attack inside a wedding hall in the Afghanistan’s capital Kabul has risen to 80.
A key military leader in Sudan has promised to abide by a power-sharing agreement with the opposition.
The Central Bank of Nigeria (CBN), yesterday, disclosed that the $9 billion British Court Judgment in a Gas Sales Purchase Agreement (GSPA) deal involving Nigeria and Process and Industrial Development (P&ID) would have impact on monetary policy
Security forces in Afghanistan’s northern Takhar province arrested two drug traffickers on Saturday, local authorities confirmed.
The acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has denied that the commission raided the residence of immediate past Lagos State Governor, Akinwunmi Ambode.