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Retirement Savings Accounts

PenCom directs PFAs to implement pension enhancement for retirees

The National Pension Commission, PenCom, on Monday directed Pension Fund Administrators to implement pension enhancement for retirees on Programmed Withdrawal under the Contributory Pension Scheme.

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and private sectors continue to streamline their workforce to minimise costs, no fewer than 324,141 sacked workers have withdrawn N113.21 billion from their Retirement Savings Accounts (RSAs) as of the end of June.
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.
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 to attract 60 million enrolees, N3 trillion growth

The National Pension Commission (PenCom) is set to attract 60 million Nigerians in the informal sector to the pension scheme and hit N3 trillion assets growth.

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.
Lagos Akinwunmi Ambode

Lagos pays N166 billion into contributory pensions account

Lagos State has funded its employees’ Retirement Savings Accounts (RSAs) under the Contributory Pension Scheme (CPS) with N166 billion in the last 11 years, Governor Akinwunmi Ambode has said.

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.

Lagos government to fast-track pension payment to retirees with terminal ailments

The Lagos State Government says it will henceforth fast-track the payment of gratuity and pension to retirees living with terminal diseases.

Lagos to fast-track pension payment to retirees with terminal ailments

The Lagos State Government says it will henceforth fast-track the payment of gratuity and pension to retirees living with terminal diseases.

Lagos remits N35.92 billion into RSA of 8,731 retirees

The Lagos State Government says it has remitted N35.92 billion into the Retirement Savings Accounts, RSA, of 8,731 retirees in the state.

PenCom: Couples can use pension savings for joint mortgage loans

Married partners, who have Retirement Savings Accounts with Pension Fund Administrators, will be allowed to use their savings to apply for joint mortgage loans under the Contributory Pension Scheme.

Lagos govt pays N838 million to retirees in February

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.

Retirees with low savings quit contributory pension scheme

Retirees under the Contributory Pension Scheme who could not be entitled to monthly pensions have withdrawn their money from their respective Retirement Savings Accounts.

Lagos: N78.59bn paid into civil servants’ retirement accounts – Governor Ambode

The Lagos State Governor, Akinwunmi Ambode, says N78.593bn has been paid into employees’ Retirement Savings Accounts maintained by 10 Pension Fund Administrators as of March 2017.

Lagos pays N1.07 billion to contributory pension retirees

The Lagos State Government said it paid N1.075bn into the Retirement Savings Accounts of 301 retirees under the Contributory Pension Scheme in November this year.

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