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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 make acquisitions of their primary homes. In a statement made available to us by Chinelo Anohu-Amazu,…
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 they are working with the police to ensure that it happens. The police will work with a department in the commission devoted to enforcement…
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 or any long process. Receiving your pension will be completely convenient for you. What…
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 noted that each of the contributors were paid 25 per cent of their retirement savings account balance,…