Contributory Pension Scheme

Nigeria’s pension assets have grown to N32 trillion, marking another milestone in the country’s pension reform journey, according to the National Pension Commission (PenCom). The disclosure was made by PenCom Director-General Omolola…

Lagos State Governor, Babajide Sanwo-Olu on Friday put smiles on the faces of pensioners in the State by presenting N3.1billion to 1,013 highly dedicated retirees who had shown great commitment to the service of the people of the State. He…

The National Pension Commission (PenCom) says it will provide incentives such as health insurance for contributors willing to embrace the Micro Pension Plan (MPP) in its efforts to incorporate workers in the informal sector. This…

Retirees under the Contributory Pension Scheme now have a Retirement Savings Account (RSA) transfer window to move their accounts from one Pension Fund Administrator (PFA) to another once in a year. The National Pension Commission made…

The Pension Fund Administrator (PFAs) have invested N7.2 trillion of the total assets under the Contributory Pension Scheme (CPS) in the Federal Government’s securities as at end of May 2020. The National Pension Commission…

Another large scale pension fraud seem to be building up as N3.4 billion deducted from the salaries of workers at states level is being withheld by some state governments. National Pension…

By Oladele Oguntimehin The National Pension Commission (PENCOM) has sensitised Nigerians on micro-pension, multi-fund structure, voluntary contribution and other issues under the Contributory Pension Scheme (CPS). The enlightenment was…

By Mmesoma Iloh The Managing Director of IEI Anchor Pensions, Mr Glory Etaduovie in an interview over the weekend stated that harnessing Nigerians into the culture of long-term savings and pension benefits will have multiple benefits and…

Chairman, House of Representatives Committee on Pension, Rep. Hassan Shekarau, has appealed to President Mohammadu Buhari to release the N66 billion needed to settle the accrued backlog of pension for 2017 retirees. Shekarau made…

Lagos State Government says it has released about N720.5 million to settle backlogs of  190 pensioners’ entitlements under the Contributory Pension Scheme (CPS). Mrs Folashade Onanuga, Director-General, Lagos State Pension Commission…