PENCOM
1 Aug 2024
The National Pension Commission (PenCom) hereby informs the public that the newly appointed Director-General of the Commission, Omolola Oloworaran, has assumed duties at the commission. A statement by the management of the commission disclosed this on Wednesday in Abuja. The statement said that the appointment was to serve in acting capacity pending her confirmation by…
3 Jun 2024
The Pension Fund Administrators (PFAs) said N1.779 trillion of the total funds under the contributory pension scheme (CPS) has been invested into the money market instruments as of the end of March this year.
22 May 2024
Police retirees under the Contributory Pension Scheme (CPS) stormed the National Assembly in Abuja, yesterday, in protest over unpaid pensions and their forced inclusion in the CPS.
21 May 2024
Retired police officers under the contributory pension scheme are protesting in Abuja over several months of unpaid pensions. Representing various state chapters, they lamented the severe hardships faced due to National Pension Commission's (PenCom) failure to pay their entitlements. The retirees are urging the Federal Government to remove them from the contributory pension scheme. This…
20 May 2024
Only two per cent of the N19.67 trillion total pension assets, which amounts to N396.3 billion, is in cash as of the end of the first quarter, information provided by the National Pension Commission (PenCom) has disclosed.
20 May 2024
The National Pension Commission (PenCom) said no fewer than 88,213 new retirement savings accounts (RSAs) holders had been added to the Contributory Pension Scheme (CPS) in the last quarter of last year.
16 May 2024
Economists and securities experts have reacted angrily to the Federal Government’s plan to deduct N20 trillion from pension funds for infrastructure development, saying government has no business with the investment returns of citizens.
18 Mar 2024
Pension fund administrators (PFAs) who fail to enlighten pensioners on programmed withdrawal and other features risk a fine of N500,000. The National Pension Commission (PenCom) said the feature includes retirement life annuity
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