Mrs. Aisha Dahir-Umar is the Acting Director-General of the National Pension Commission (PenCom). Despite acclaimed achievements with the Contributory Pension Scheme (CPS), the industry...

The National Pension Commission (PenCom) has commended the series of reforms in the sector, which has raised accumulations from contributors to N8trillion, as well as brighter hopes to retirees.

Some retirees under the Contributory Pension Scheme (CPS) have yet to receive gratuity due to unfunded Defined Benefit Scheme (DBS) backlog owed by the Federal Government.

This was part of submissions by the National Pension Commission (PenCom), at the public hearing to amend Pension Reform Act 2014, in Abuja.

It revealed that PENCOM was almost finalising arrangements to take over the payment of retired federal Heads of Service and Permanent Secretaries who fall under the Contributory Pensions Scheme (CPS) from PTAD in January next year.