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...
read more
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...
read more
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...
read more
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...
read more
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...
read more
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 ...
read more
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...
read more
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....
read more