FG pays N1.1bn exit bonus to retirees
Retirees are required to provide the necessary documents, including their clearance letter and recent payslips, to their Pension Fund Administrators
NITEL, PHCN pensioners receive N39bn lifeline
•As FG clears liabilities of over 24,000 retirees By Victor Ahiuma-Young Thousands of pensioners under the Federal Government’s Defined Benefit Scheme, DBS, have received a major financial boost as the Federal Government has cleared more than N39 billion in long-standing pension liabilities, bringing relief to retirees of the defunct NITEL/MTEL, PHCN and other federal parastatals. The payments, […]
Pension crisis brewing as Labour rejects new state policies
Labour leaders cautioned states against abandoning existing arrangements that had exempted certain categories of workers
Tinubu’s exit benefits scheme boosts retirement security for workers
By Omolola Oloworaran Think of the teacher who spent three decades shaping young minds, the nurse who worked through countless difficult nights, the civil servant who gave a lifetime to public service. For each of them, retirement should arrive as a season of dignity, security and peace of mind, not as a descent into uncertainty. Nations are […]
Tinubu’s gratuity restoration raises decades-old payment questions — NLC
Labour Congress has welcomed government’s move to restore gratuity payments for workers but says the decision has opened fresh questions
PenCom moves to enroll transport workers into PPP
PenCom, has commenced moves to bring millions of transport workers into Nigeria’s pension system through the Personal Pension Plan, PPP
