Home Topics Retirement Savings Account
Retirement Savings Account
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.
Total pension funds’ assets under management increased to N8.63 trillion in the fourth quarter of 2018 (Q4 2018), compared to N8.32 trillion in Q2, according to the National Bureau of Statistics (NBS).
The Lagos State Pension Commission (LASPEC) on Sunday said that Gov. Akinwunmi Ambode has signed into law the Amended Lagos State Pension Reform Law.
The Lagos State Government said it released N688 million to 178 retirees in October to offset part of their accrued pension rights.
The National Pension Commission (PenCom) said it recovered a total of N465.02 million as outstanding pension contributions from defaulting employers in the second quarter of 2018, Q2’18.
The National Pensions Commission says that employees can make Voluntary Contributions into their Retirement Savings Account besides mandatory pension contributions.
The National Pension Commission (PenCom) has released official guidelines on voluntary contributions into the Contributory Pension Scheme (CPS).
The National Pension Commission (PenCom) has issued new guidelines to regulate the operation of Voluntary Pension Contributions (VPC) under the Contributory Pension Scheme (CPI).
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.
Governor Akinwunmi Ambode has again, delighted Pensioners in Lagos State Public Service, inclusive of Local Government and SUBEB by releasing the sum of N1,075 billion into the Retirement Savings Account (RSA) of 301 Contributory Pension Scheme (CPS) retirees in the month of November.
The National Pension Commission has urged the Federal Government to establish a social security scheme to alleviate the sufferings of Nigerians.
The Chief Medical Director of Obafemi Awolowo University Teaching Hospital, OAUTH, Ile-Ife, Professor Victor Adetiloye, on Wednesday asserted that there was no reason for any Nigerian to seek medical attention abroad.
The Central Bank of Nigeria (CBN) on Wednesday gave $210million to the inter-bank foreign exchange market.
North Korean leader Kim Jong Un met Russian President Vladimir Putin on Thursday at a summit designed to show that Washington is not the only power able to set the agenda on Pyongyang’s nuclear programme.
The Senator representing Rivers South-east Senatorial district in the National Assembly, Magnus Ngei Abe, has appealed to the people of Ogoni ethnic nationality to imbibe the spirit of forgiveness so as to usher in peace, progress, and prosperity into Ogoni land.
Despite claiming a 4-0 win over Nigeria’s Aruna Quadri in the third round of the men’s singles at the 2019 ITTF World Championships in Budapest, Hungary, world number one – China’s Fan Zhendong has said that the African star forehand cannot be underestimated as he gave a good fight in the encounter.
Two Nigerians have been arrested by Philippine Police with about N125 million worth of methamphetamine.
President Donald Trump spoke this week with Khalifa Haftar, the Libyan strongman fighting to capture the capital Tripoli, the White House said Friday.
Eintracht Frankfurt star Luka Jovic who has been a target for Chelsea has made a choice on the club he wishes to play for in the next season.
After Morocco lost the bid to host the 2021 ITTF World Championships to United States, President of ITTF, Thomas Weikert believes can still bid in future for the biggest table tennis tournament in the world.
A Nigerian staff of the International NGO Safety Organisation (INSO) Mathew Danjuma Oguche, has been identified as one of the two victims killed during Friday’s attack on Kajuru Castle in Kajuru Local Government, Kaduna State.