Pensions Nigeria Archives

September 24, 2015 No Responses

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 reform act (Pension Reform Act 2004) was enacted in 2004...

September 9, 2015 No Responses

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...

August 27, 2015 No Responses

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...

August 13, 2015 No Responses

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...