Home Topics National Pension Commission

National Pension Commission

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.

Micro pension plan, grassroots campaigns lift assets to N9.33 trillion

The rising acceptance of micro pension scheme being driven by the National Pension Commission (PenCom), has led to steady rise in pension assets. The pension funds grew from N9.12 trillion in April to N9.33 trillion in June 2019, indicating a N21 billion increase.

Police retirees groan over delayed pension payment

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.

Data recapturing to protect pensioners from cybercrime – coy

Managing Director and Chief Executive Officer, IEI-Anchor Pension Managers Limited, Mr. Glory Etaduovie, has said that the ongoing data recapturing exercise of pension contributors and retirees by the Pension Fund Administrators, PFAs, nationwide will protect pension clients against cyber crime and other fraudulent intents and activities.

Pension contributors Inject N21 billion Into PenCom assets fund

This was revealed by the National Pension Commission (PenCom) in its monthly report on summary of pension fund assets and Retirement Saving Account (RSA) registration published on its website.

Pencom holds verification, enrolment exercise for retiring federal workers

The National Pension Commission (PenCom) on Monday continued its 2019 verification and enrolment exercise for employees of Federal Government Treasury-Funded Ministries, Departments and Agencies (MDAs) due to retire between January 1 and December 31, 2020.

MTN appoints ex-minister, ex-revenue chief, ex-NBA president as board members

Telecommunications firm, MTN, has notified the Nigeria Stock Exchange of a substantial change in its board structure. Pioneer board chair, Pascal Dozie, is stepping down along with five other directors.
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.

Pencom: States fail to remit N3.4 billion deducted from workers’ pay

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.

Pencom: Over N3.4 billion deducted from workers’ pay as pension un-remitted

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.

Pencom commences verification of year 2020’s retirees July 1

The Acting Director-General of the Commission, Mrs Aisha Dahiru-Umar, said the commission would conduct verification exercise of prospective retirees who would retire from public service in the year 2020 between 1 July and 2 August 2019.
President Muhammadu Buhari on Thursday met behind closed doors with the Liberian President, George Weah.

Workers task President Buhari on pension payments

Some Federal Government workers on Monday urged President Muhammadu Buhari to give priority to timely payment of pensions and gratuities to retirees.

PenCom organises pre-retirement workshop in Gombe

The National Pension Commission (PenCom) on Monday in Gombe, organised a pre-retirement workshop for prospective retirees who are due to retire in 2020 under the Contributory Pension Scheme (CPS).
National Bureau of Statistics NBS

NBS: Workers on pension scheme hit 8.5 million in Q1, 2019

The National Bureau of Statistics (NBS) said the number of registered workers under the pension scheme in the first quarter of 2019 hit 8, 569, 037 compared to 8, 410,184 registered workers in fourth quarter, 2018.
Chinelo Anohu-Amazu

House of Rep summons ex-PenCom chief

The House of Representatives, holding a public hearing on allegation of abuse, breach and violation of the Public Procurement Act 2007 by the National Pension Commission in its procurement activities covering October 2014 to March 2017, has again asked a former boss of the commission, Chinelo Anohu-Amazu, to appear before it.

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.

PenCom loses confidence in House of Reps committee leadership

The National Pension Commission (PenCom) has declared loss of confidence in the leadership of the House of Representative ad-hoc committee set up to investigate its activities.

Pencom, NIMASA, CBN shine at Enugu trade fair

The 30th Enugu International Trade Fair which ended on Monday in Enugu actually depicted the state of the nation’s economy with the absence of big manufacturing concerns and other key players in the private sector.

PTAD: Federal government spent N79.2 billion on monthly pension in 2018

The Federal Government in 2018 spent a total of N79.2 billion on the payment of monthly pensions to pensioners.

PenCom targets 30 million informal workers in new scheme

The National Pension Commission (PenCom), says it is targeting no fewer than 30 million Nigerians in its Micro Pension Plan (MPP) within the next five years.

Recent Stories

Adams Oshiomhole

APC national leadership meet party governors in Abuja

The National Working Committee (NWC) of the All Progressives Congress (APC) is in a meeting with the governors elected on the platform of the party.
Aaron Ramsey

Aaron Ramsey to miss Juventus’ Serie A opener

Aaron Ramsey will miss the chance to make his competitive debut for new club Juventus in their opening Serie A game against Parma.
Barely 24 hours the Federal Bureau of Investigation (FBI), arrested 80 Nigerians for fraudulent activities, a global firm, Dynamics Intelligence, Friday shut-down its operations in the country.

Global tech firm shuts operations in Nigeria over fraudulent activities

Barely 24 hours the Federal Bureau of Investigation (FBI), arrested 80 Nigerians for fraudulent activities, a global firm, Dynamics Intelligence, Friday shut-down its operations in the country.
Fernando Torres hung up his boots on Friday but was given a special message from former Liverpool team-mate Steven Gerrard as he did so.

Steven Gerrard hails retiring Fernando Torres

Fernando Torres hung up his boots on Friday but was given a special message from former Liverpool team-mate Steven Gerrard as he did so.

Federal government to license online radio, TV stations

President Muhammadu Buhari has approved wide ranging reforms in the broadcasting industry, including the licensing of online radio and television stations.