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.
267,112 workers join pension scheme in four months
About 267,112 new workers joined the Contributory Pension Scheme between January and May 2019, latest figures from the National Pension Commission have revealed.
PFAs explain gains of ongoing data recapturing
The Pension Fund Administrators (PFAs) have implored pension contributors under the Contributory Pension Scheme (CPS) to embrace the ongoing data recapturing exercise across the country to enable them fully maximize the benefits in the system.
Niger government mulls stadium completion before 2023
Niger government will complete the abandoned N2.4 billion Minna new stadium project at Maikunkele before the expiration of the administration’s tenure in 2023.
Life insurers generated N329 billion premium from annuity in 2018
Life insurance operators have generated N328.88 billion premium from annuity since the inception of the Contributory Pension Scheme (CPS). According to the National Pension Commission (PenCom) in its fourth quarter 2018 reports, life underwriters also made monthly annuity payments of N3.26 billion as at the end of fourth quarter, 2018. PenCom noted that it approved…
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…
Micro pension scheme targets N3tr to pension assets, 12m contributors
The National Pension Commission (PenCom) has disclosed that the Micro Pension Scheme which the Federal Government recently approved its operational guidelines...
Employers’ compliance catalyst to growth of pension scheme’
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...
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.