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Contributory Pension Scheme
The House of Representatives on Tuesday called on the Federal Government to ensure payment of 33 per cent pension savings to pensioners in the country.
No fewer than 1,000 employees of the federal government due to retire in 2019 are expected to appear at the Enugu centre for the week-long Pre-Retirement Verification and Enrolment of employees operating under the Contributory Pension Scheme (CPS).
The Lagos State Government is to introduce an efficient pension scheme for its workforce, an official said on Sunday.
The Federal Government on Monday commenced the pre-retirement process, which includes verification and enrolment of its workers, under the Contributory Pension Scheme.
The National Pension Commission on Wednesday said it had concluded plans to commence verification of prospective retirees from the Federal Civil Service for 2019.
The National Pension Commission says the 50 per cent lump sum payable to retirees as gratuity on retirement from their Retired Saving Account was reduced to enable retirees to earn at least 50 per cent of their last monthly salary as pension.
The National Pension Commission has kicked-off a pre-retirement workshop for 14,000 prospective 2019 retirees under the Contributory Pension Scheme to bridge the knowledge gap of retirees on the scheme.
The Lagos State Pension Commission (LASPEC) said Gov. Akinwunmi Ambode of Lagos State, has paid a total of N37, 546 billion to pensioners since 2015.
Governor Nasir El-Rufai of Kaduna State has urged people of Kaduna State to reject any attempt to bring about disharmony among them ahead of the 2019 elections.
The multi-fund investment structure for all contributors under the Contributory Pension Scheme (CPS) is scheduled to take off July 1, 2018, the National Pension Commission (PENCOM) announced on Thursday.
The Ogun State chairmen of the Trade Union Congress and the Nigeria Labour Congress, Olubunmi Fajobi and Akeem Ambali, respectively, have urged Governor Ibikunke Amosun to pay their members’ 48 months leave allowances and 18 months global deductions.
About two years after the Pension Fund Administrators started funding the Pension Protection Fund meant for financing minimum pension payment to retirees under the Contributory Pension Scheme, the Federal Government has yet to fulfil its own side of the funding arrangement.
The Lagos State Government says it has remitted N35.92 billion into the Retirement Savings Accounts, RSA, of 8,731 retirees in the state.
The Lagos State Government says it has released N1.24 billion to pay its retirees for March.
The National Pension Commission (PenCom) has recovered pension contributions and interest totalling N1.34billion from defaulting employers during the third quarter of 2017.
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.
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 under the Contributory Pension Scheme who could not be entitled to monthly pensions have withdrawn their money from their respective Retirement Savings Accounts.
Former Vice President and frontline Presidential aspirant on Peoples Democratic Party (PDP) platform, Alhaji Atiku Abubakar, has said his interest in the 2019 presidential contest is not to achieve personal political ambition, but informed by need to help address the suffering and killings across the country.
Ethiopia police have in the past week seized huge cash sums and arms in different parts of the country, state affiliated FANA Broadcasting Corporate have reported.
Neymar has claimed that he is the subject of double standards when he plays for Paris Saint-Germain and Brazil.
LA Galaxy striker Zlatan Ibrahimovic says he would be President of the United States of America if he had arrived 10 years earlier.
No fewer than 200 children of victims of bandits’ attack in Rabah Local Government Area of Sokoto State have been immunised against polio.
U.S. President Donald Trump made eight requests for a meeting with Iranian President Hassan Rowhani, all of which were rejected, the Iranian leader’s chief of staff said Wednesday.
Christiana Abiakam, the new Commandant of the Nigeria Security and Civil Defence Corps (NSCDC) in Bayelsa, on Wednesday pledged to intensify the fight against oil theft and pipeline vandalism in the area.
Brent prices rose from a three-month low yesterday after more oil workers went on strike in Norway, supporting a market that has been dominated by oversupply issues in recent days.
Players and officials of the U15 National Team, nicknamed Future Eagles, will arrive in Algiers on Monday, 16th July for the football event of the 3rd African Youth Games taking place in the Algerian capital 19th – 28th July 2018.
The All Progressives Congress, APC, has reacted to threats by the Peoples Democratic Party, PDP, to boycott the 2019 general elections, saying such threat was borne out of the fact that the opposition party now understands that its end is near.