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…

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…

The National Pension Commission (PenCom) has granted licence to Nigerian University Pension Management Company (NUPEMCO). According to a document signed by PenCom’s Head of Corporate Communications, Peter Aghahowa, at the weekend, the licence would enable NUPEMCO to carry out the business as Pension Fund Administrator (PFA). This approval is consequent upon a detailed evaluation of…

All is now set for the launching of Micro Pension Scheme by the National Pension Commission (PenCom) this month, an initiative expected...

The multi-prong approach to achieving the set target of including 80 per cent of the country’s adult population in the financial system come 2020, is gaining traction, as the initiatives, led by the Central Bank of Nigeria (CBN) recorded improved numbers and affirmation, shortly before the end of last year. The confidence-building information, contained in…

Nigerian Pensions administration dates back to the1950s. However, the Pension Reforms Act of 2004 paved way for a new pension scheme in Nigeria...

Retirees, under the aegis of Nigeria Union of Pensioners, Contributory Pension Scheme Sector (NUPCPS), have written to President Muhammadu Buhari...

With just two months after the effective take off of the newly introduced Multi-Fund Structure by the National Pension Commission (PenCom), the contributions under the watch of the institution has risen to N8.34 trillion as at September 30, from N8.04 trillion at the end of March 2018.   Already, PenCom has attributed the quantum leap in…

Despite the different strategies employed by the National Pension Commission (PenCom) to persuade and encourage state governments in Nigeria to comply to the provisions of the Pension Reform Act...

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…

As the nation grapples with the issue of Skye Bank takeover, the bank’s shareholders, University Dons, Professors Franklin Ngwu and Uche Uwaleke...

The National Pension Commission (Pencom) has lamented the assessed inconsistency of state governments in complying with the Contributory Pension Scheme (CPS), which it said, is currently causing hitches in actualising some of the objectives of the scheme.