Contributory Pension Scheme
Ex-police officers in Cross River petition Buhari over pension scheme, others
Retirees of the Nigeria Police Force under the contributory pension scheme (CPS) in Cross River State have petitioned President Muhammadu Buhari rejecting the programme.
Pension administrators hinge economic prosperity on reforms
Experts in the nation’s pension industry have urged governments and private sector operators to adopt the Contributory Pension Scheme (CPS) for their workers.
Lagos State settles retirees’ N4.25 billion in four months
The Lagos State government has said that it paid N4.25 billion accrued pension benefits to its retirees under the Contributory Pension Scheme since the inception of the new administration of Lagos State Governor, Babajide Sanwo-Olu.
News Analysis: New police pension scheme, benefits to retirees
The current Contributory Pension Scheme (CPS) was introduced to address several of the shortcomings of previous Nigerian pension schemes which the former could not achieve in tackling the problems faced by police retirees.
PenCom gives insurance compliance, submission deadline
In compliance to the Pension Reform Act (PRA) 2014, the National Pension Commission (PenCom), has given employers of labour up till March 31st, to comply with the guidelines for life insurance policy for employees, and the submission of insurance certificates. PenCom said the decision was taken in pursuance of provisions of Section 4(5) of PRA…
‘How regular budgetary funding will tackle outstanding pensions right’
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 is yet to capture the objectives of the section 39(2). In this interview with BANKOLE ORIMISAN, she speaks on how budgetary funding/releases had not been regular and adequate for the payment of outstanding accrued pensions in last…
PenCom develops ECRS IT infrastructure for micro pension
National Pension Commission (PenCom) has developed the Enhanced Contributor Registration System (ECRS) to facilitate the enrolment of participants in the Micro Pension Scheme when the scheme is rolled out, according to Mrs. Aisha Dahir-Umar, acting director-general of the commission. Dahir-Umar who spoke in Calabar said the ECRS was developed to clean-up data in the Contributory…
Pension Commission allocates N1.6 trillion to infrastructure investments in new scheme
Hopes may be rising for the long-sought financing of critical infrastructure in the country with the hugely pooled pension contributions, as about N1.6 trillion, representing 20 per cent of the N8 trillion contributed, would be invested for that purpose.
PenCom to boost economy with micro-pension
The National Pension Commission (Pencom), has revealed plans to extend the Contributory Pension Scheme (CPS), to underserved sectors of the economy through the creation of a Micro Pension Scheme. Speaking at a workshop in Uyo, the Akwa Ibom State capital, the Acting Director General of PENCOM, Aisha Dahir Umar, represented by the Commission’s Secretary and…