States’ non-compliance with pension law persists
After many years of constant engagement with various states, local governments, trade unions, and relevant stakeholders on the benefits of the Contributory Pension Scheme (CPS) by the National Pension Commission (PenCom), States’ compliance with the provisions of the Pension Reform Act (PRA) 2014, to adopt the scheme remains sluggish.
PenOp, PFAs differ on multi-fund operations’ framework
Some Pension Funds Administrators (PFAs) have claimed that the guideline for the newly introduced Multi-Fund Investment Structure (MFIS) by the National Pension Commission...
Pension fund scheme threatened as sacked workers make a run for their contributions
The Contributory Pension Scheme (CPS), currently put at over N5.9 trillion may be threatened as sacked workers make a run for the 25 per cent of their total contributions to it.
Why government is yet to access pension fund for infrastructure, by PenOp
The President, Pension Fund Operators Association of Nigeria (PenOp), Longe Eguarekhide has identified government’s inability to draw clear strategy for infrastructural financing as reason ...