PenOp partners with Orange Health, Legus Foundation on free healthcare for elderly

PenOp partners with Orange Health, Legus Foundation on free healthcare for elderly

Corporate Social Responsibility (CSR) in Nigeria has received a boost in the ongoing World Elderly Day celebration with the treatment of 1000 elderly people currently receiving free treatment for various levels of ailments in Lagos. Code named Project Gray 2.0,...
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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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96,002 Disengaged Nigerian Workers Get N20.72 billion Pension Benefits

96,002 Disengaged Nigerian Workers Get N20.72 billion Pension Benefits

The National Pension Commission (PenCom) says N20.72 billion was paid to 96,002 Retirement Savings Account (RSA) holders, whose jobs were terminated before age 50 and could not secure another employment within the stipulated four months period. The commission ...
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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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