Tag: Pencom
Evaluating achievements, challenges of Nigeria’s pension reforms
In Nigeria, pension payment is not only a motivating factor for public service employees, it also influences their work behaviour…
Tinubu seeks Senate’s confirmation of INEC commissioners, PenCom DG
Tinubu’s requests are contained in separate letters to the President of the Senate, Godswill Akpabio read during plenary on Tuesday.…
PenCom recovers N24.8bn unremitted funds by employers in third quarter of 2023
Agudah said PenCom recovered N23.3 billion of such funds in the third quarter of 2022, while it recovered N2.23 billion…
CPS: Pension assets hit N16.76trn in third quarter of 2023 – PenCom DG
According to Dahir-Umar, at the end of the third quarter of 2023, the number of RSAs under the CPS stood…
NANS passes vote of confidence on PenCom DG, Aisha Dahir-Umar
The union had threatened to stage daily mass protests against PenCom should the pension regulator fail to furnish it with…
20 Pension Fund Administrators meet N5B minimum capital base
PenCom explained that 10 PFAs met the new regulatory capital requirement of N5 billion as at Dec. 31, 2021, while…
PenCom enrols 300 retirees
The National Pension Commission (PenCom), on Monday commenced verification and enrolment of no fewer than 300 Federal Government employees retiring…
PenCom allays fear over management of N8.67trn pension fund
The National Pension Commission (PenCom) on Thursday allayed fear over the management of that the total assets under its purview,…
Pension fund assets hit N8.6trn – PenCom boss
The National Pension Commission (PenCom) says total pension fund assets have grown to N8.63 trillion as at December 2018.
8.41m Nigerians now participate in Pension Scheme – PenCom
The National Pension Commission (PenCom) says about 8.41 million Nigerians are presently contributing into the country’s pension scheme.
Micro Pension Scheme participants to access 40% in 3 months – PenCom
The National Pension Commission (PenCom) says contributors under its Micro Pension Scheme to be rolled out in 2019 could have…
PenCom recovers N465m outstanding pension contributions
The National Pension Commission (PenCom) on Tuesday said it had recovered N465.02 million outstanding pension contributions from defaulting employers.
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…
PenCom approves 3,280 applications for retirement
The National Pension Commission (PenCom) has approved 3,280 applications for payment of retirement benefit under life annuity plan.
PenCom releases N86.7bn to over 275,000 sacked workers
The National Pension Commission (PenCom) said it had released N86.7 billion to sacked workers of various companies who had been…
Pension fund assets hit N8.14 trillion
The National Pension Commission (PenCom) said that the total pension fund assets stood at N8.14 trillion as at May, 2018.
Retirees assured of better service delivery
The National Pension Commission (PENCOM) says it remains committed to ensuring better service delivery to retirees.
PENCOM to start verification of prospective retirees
The National Pension Commission (PENCOM) on Wednesday said it had concluded plans to commence verification of prospective retirees from the…
Pensioners’ 11 months accrued rights not N98 billion – PenCom
The National Pensions Commission (PenCom) on Wednesday refuted claims that pensioners’ accrued rights from May 2017 to April 2018 was…
PenCom recovers N1.34 billion pension from defaulting employers
The National Pension Commission (PenCom) has recovered pension contributions and interest totalling N1.34billion from defaulting employers during the third quarter…
PENCOM to extend coverage to Informal Sector
The National Pension Commision (PENCOM) on Friday gave the assurance that it was ready to cover the outstanding 60 per…
Fashola advocates change in attitude to achieve diversification
The Minister of Works, Power and Housing, Mr. Babatunde Fashola, at the weekend advocated the adoption of a collective national…
I did not accuse PENCOM of diverting N3.5trn – Oshiomhole
Jethro Ibileke/Benin Governor Adams Oshiomhole of Edo State Thursday denied accusing Nigerian Pension Commission (PENCOM) of diverting N3.5 trillion pension…
PenCom issues guideline for pension withdrawal
The National Pension Commission (PenCom) has issued draft guidelines on withdrawals from Retirement Saving Accounts (RSA) for equity payment of…
Unease in NNPC over unremitted pension fund
The management of Nigeria National Petroleum Corporation on Monday moved to prevent a potentially crippling industrial unrest as it workers…
Blame PENCOM For Workers’ Woes—IBTC
Stanbic IBTC Pension Managers, a Pension Fund Administrator (PFA), has blamed the National Pensions Commission (PENCOM) for the non-remittance of…