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Pension Reform Act

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.

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.
Pension Transitional Arrangement Directorate (PTAD) has announced the recommencement of the Parastatal Pensioner Verification Exercise for pensioners and Next of Kin (NoK) under the Defined Benefit Scheme (DBS).

PTAD to re-verify pensioners under old scheme

Pension Transitional Arrangement Directorate (PTAD) has announced the recommencement of the Parastatal Pensioner Verification Exercise for pensioners and Next of Kin (NoK) under the Defined Benefit Scheme (DBS).

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.

PenCom to begin verification of workers retiring 2020

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.

Federal government approves N1.3 billion to families of dead civil servants

The Federal Government has approved the sum of N1.3 billiin for death benefits of 497 deceased workers in the federal civil service.

Federal government approves N1.3 billion to offset death benefits of 497 workers

The federal government has approved the sum of N1.3 billion to pay death benefits of 497 deceased workers in the federal civil service.

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.

NNPC invites tenders from prospective traders of crude, importers of petroleum products

The Nigerian National Petroleum Corporation (NNPC) has invited tenders from prospective traders in Nigeria’s crude and importers of petroleum products under its 2019-2020 fuel supply programme. An invitation to tender published on the corporation’s website...

PenCom directs PFAs to invest on projects

The National Pension Commission (PenCom) has directed Pension Fund Administrators (PFAs) to invest a minimum of 60 per cent of their funds on projects within Nigeria.

Pencom set to attract 60 million Nigerians to pension scheme

The National Pension Commission is set to attract 60 million Nigerians in the Informal Sector to the pension scheme.
Ayodele Subair

Lagos revenue agency directs employers to deduct 10% as tax from terminal benefits

The Lagos Inland Revenue Service (LIRS) has directed employers to deduct capital gains tax (CGT) from any sum paid to employees on termination of their services.

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.

House of Reps disagree over motion to investigate federal government’s alleged violation of PenCOM...

Mr Yakubu Dogara, Speaker of the House of Representatives, House Leader, Mr Femi Gbajabiamila and other members on Thursday disagreed over a motion to investigate alleged violation of PenCOM Act by the Federal Government.
Mary Uduk

Investment advisers urged to embrace technology

The Acting Director-General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk, has charged investment advisory practitioners in the country to embrace emerging technologies in order to enable them deliver prompt and efficient investment advice to their clients at all times.

PenCom commences radio programme

In a bid to further enlighten the public on the Contributory Pension Scheme, the National Pension Commission (PenCom) unveiled a radio programme titled “Retirement Mata” at the weekend.

PenCom unveils guidelines on voluntary contribution

The National Pension Commission (PenCom) has released official guidelines on voluntary contributions into the Contributory Pension Scheme (CPS).

PenCom issues guidelines on Voluntary Pension Contributions

The National Pension Commission (PenCom) has issued new guidelines to regulate the operation of Voluntary Pension Contributions (VPC) under the Contributory Pension Scheme (CPI).

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