Contributory Pension Scheme
No fewer than 190,158 retirees of treasury-funded ministries, departments and agencies (MDAs) have received a total sum of N884.58 billion as accrued pension rights from the inception of the Contributory Pension Scheme (CPS) till December 31, 2020.
Members of the Nigeria Union of Pensioners (NUP) under the Contributory Pension Scheme, Osun State Chapter, have disclosed that the State was owing them about N50billion naira.
The Federal Government has approved the payment of some critical aspects of the outstanding pension liabilities of its retirees under the Contributory Pension Scheme.
A total of 91,499 Retirement Savings Account (RSA) holders were registered by the Pension Fund Administrators (PFAs), under the Contributory Pension Scheme (CPS)
Gov. Ifeanyi Okowa of Delta on Sunday said his administration inherited about N100 billion unpaid pensions under the Contributory Pension Scheme (CPS).
30 Aug 2020
The Centre for Consumer Concern has implored the federal and state governments to consider the withdrawal of at least 20 per cent of retirement...
7 Jul 2020
Edo State Government has spent over N4.3 billion to settle outstanding pension arrears owed about 3,128 pensioners and N25 billion for payment of monthly pension for 13,081 retirees between November 2016 and May 2020.
22 Oct 2019
Retirees of the Nigeria Police Force under the contributory pension scheme (CPS) in Cross River State have petitioned President Muhammadu Buhari rejecting the programme.
30 Sep 2019
Experts in the nation’s pension industry have urged governments and private sector operators to adopt the Contributory Pension Scheme (CPS) for their workers.
5 Sep 2019
The National Pension Commission (PenCom) has attributed netting N9 trillion worth of pension assets under the Contributory Pension Scheme (CPS) to Organised Private Sector (OPS’) support.
5 Sep 2019
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.
13 Aug 2019
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.