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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.

CPS: Retirees pay N371.21 billion to life insurance firms

The National Pension Commission (PenCom) has said retirees from the public and private sectors had since the inception of the Contributory Pension Scheme (CPS) paid N371.21 billion premium to life insurance companies managing annuity accounts.

NECA, PenCom task employers on compliance with CPS

The Nigeria Employers Consultative Association (NECA) has urged employers of labour to comply with provision of the Pension Act and ensure they remit to the Contributory Pension Scheme (CPS).

Pencom: Sacked employees withdraw N113.21 billion from pension funds

As companies and organisations both in the public and private sectors continue to streamline their workforce to minimise costs, no fewer than 324,141 sacked workers have withdrawn N113.21 billion from their Retirement Savings Accounts (RSAs) as of the end of June.

Only 1.78% Nigerian workforce captured in pension net

Only 1.78 per cent Nigerian workforce is captured in the pension pot of the Contributory Pension Scheme (CPS) and have a secured life after retirement, a report obtained by newsmen has shown.

Benue governor meets protesting pensioners, begs for forgiveness

Governor of Benue State, Samuel Ortom, on Friday met with protesting pensioners in the state, promising to release funds to complete the payment of their pensions.

Benue governor begs pensioners owed N20 billion

Gov. Samuel Ortom of Benue, on Friday, met with the protesting pensioners in the state, promising to release N611million to complete the payment of their April and May 2018 pensions, out of 25 months or N20 billion owed.

Benue pensioners union disowns protesting group

The leadership of the Nigerian Union of Pensioners, Benue State Chapter, has distanced itself from the protest organised by the ‘Concerned Pensioners’ in the state, saying the protest was instigated and had a political undertone.
Ogun State Governor, Prince Dapo Abiodun has vowed to bring to reality in the state, the vision of the acclaimed winner of the June 12 , 1993 Presidential election, Moshood Kashimawo Olawale (MKO) Abiola.

Ogun government pays N4.8 billion to state pensioners

The Permanent Secretary, Ogun Bureau of State Pensions, Mrs Ajiun Dada, on Wednesday, said the state government had paid N4.7 billion to pensioners in the state between January and June.
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 accuse pension administrators of underpayment

They urged President Muhammadu Buhari, National Assembly and Pension Commission (PenCom) to either repeal the policy or direct the pension administrators to pay the shortfalls.

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.

NDIC begs Senate over speedy passage of amended Act

The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has appealed to the 9th Senate for the speedy passage of the pending NDIC Act, 2006 (as amended) currently before the National Assembly.
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.

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