The National Pension Commission (PenCom) has launched a new scheme which will help provide additional benefits to employees upon retirement.

Mr. Mac-Yoroki Ebilate is the President, Mortgage Banking Association of Nigeria (MBAN) and Managing Director, CityCode Mortgage Bank Limited.

The National Pension Commission (PenCom) has revealed that the Contributory Pension Scheme has hit N17.7 trillion as of the end of July 2023.The Pension management body said the pension asset increased by about 1.8 per cent from N16.76 trillion the fund was as of the end June.

The National Pension Commission (PenCom) has given December 31, 2023 as a deadline for all employers to comply with law regarding the remittance of employees’ pension contributions to the retirement savings accounts (RSAs) to avoid sanctions.

The National Pension Commission (PenCom) said 146,920 employees who joined the Contributory Pension Scheme (CPS) between January and June this year have increased the industry’s assets to N16.76 trillion.

National Pension Commission (PenCom) has revealed a plan to reduce housing deficit of about 28 million units through its new guideline, which allows use of 25 per cent Retirement Savings Account (RSA) balance to assess residential mortgages.

The Nigerian Exchange Limited (NGX) has restated its commitment to leveraging the $1.06 billion global securities lending industry (SLI) and resuscitating the country’s SL space currently at an abysmal N513 million.

Plans are underway by the National Pension Commission (PenCom) to establish a pension academy for continuous human capacity development in the sector.

National Pension Commission (PenCom) has created a new department to address complaints by retirees, particularly in the area of data capturing. There had been growing cases of complaints by retirees seeking to assess pension benefits...

Retired police officers under the aegis of Nigeria Police Retirees (NPR) have called on President Bola Ahmed Tinubu to probe the N13.6 trillion the National Pension Commission (PENCOM) claim to have invested on the scheme.

Justice Nelson Ogbuanya sitting in Port-Harcourt division of the National Industrial Court (NIC) has granted an order of mandamus, directing the National Pension Commission (PenCom) and the Nigeria Police Force Pensions Ltd., to furnish police pensioners, within one month, the detailed template used in calculating and paying their pension category as retirees of the Nigerian Police Force.

The National Pension Commission (PenCom) has revealed plans to extend pension coverage to over 2.2 million Nigerians in the informal sector of the economy, which creates about 80 per cent of jobs.