Operators Plan Pension Account for Artisans

Operators Plan Pension Account for Artisans

Operators in the Contributory Pension Scheme are putting in place measures that will help Nigerians in the informal sector to cultivate a savings habit and have retirement accounts. This was contained in a report on informal sector participation in the...
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Pensions, PenCom, and the Pension Reform Act 2004

Pensions, PenCom, and the Pension Reform Act 2004

Due to the problems which had existed in the Nigerian pension system including lack of reliable records of pensioners, huge amount of resources on what became yearly verification exercises that did not address efficient pension payment, the pension refor...
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Voluntary pension contributions still very low – Susan Oranye

Voluntary pension contributions still very low – Susan Oranye

Susan Oranye is the Executive Secretary of Pension Fund Operators Association of Nigeria. She speaks about the challenges, achievements and future of Nigeria’s pension industry in this interview withSIMON EJEMBI How would you rate the Nigerian pension indust...
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PENCOM Releases Guidelines For Pension Funds Withdrawal

PENCOM Releases Guidelines For Pension Funds Withdrawal

In line with the provisions of the Pension Act of 2014, PenCom has released guidelines for the withdrawal of pension funds. This new development will enable Retirement Services Account (RSA) holders to make use of their pension fund balances to...
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PENCOM To Go After Errant Employers

PENCOM To Go After Errant Employers

National Pensions Commission (PenCom) is about to go after employers that fail to remit deductions from their workers’ salaries into their Retirement Savings Accounts. PenCom’s DG, Dr. Chinelo Anohu-Amazu, who briefed President Buhari yesterday, said the...
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10 Things To Know About Your Pensions Before Retirement

10 Things To Know About Your Pensions Before Retirement

What’s the due date and payment mode? If you choose to be paid monthly, your PFA will pay your money to your bank account on or before  the 24th day of each month. You don’t have to worry about cheques...
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How To Have A Happy Retirement

How To Have A Happy Retirement

‎You can’t just have a happy retirement, you have to make it happen, so here are some tips towards that: Start saving early and stick with it. This means getting a pension plan that works for you. You’re not going to...
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PenOp to accommodate over 70m workers

PenOp to accommodate over 70m workers

Determined to accommodate the over 70 million workers that are presently outside the Contributory Pension Scheme (CPS), the Pension Fund Operators Association of Nigeria (PenOp) amongst other strategies has commenced training operators for the enrollment of wo...
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How Safe Is It To Have A Pension Plan In Nigeria?

How Safe Is It To Have A Pension Plan In Nigeria?

Millions of Nigerians are heading toward defectively funded retirement, leaving a lot of them cynical about pension plans in the country and how the pension system works because they don’t want to lose their many years of labour to shylocks....
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