pension

6.8m workers covered as NSITF pushes stronger retirement protection

6.8m workers covered as NSITF pushes stronger retirement protection

By Victor Ahiuma-Young The Nigeria Social Insurance Trust Fund, NSITF, has disclosed that about 6.8 million workers are currently covered under its Employees’ Compensation Scheme, ECS, as it pushes for stronger institutional protection of workers before and after retirement. The Managing Director/Chief Executive of NSITF, Mr Oluwaseun Faleye, made this known while presenting the Fund’s […]
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Unpaid benefits: FG, MWUN set up c’ttee on disengaged defunct NNSL employees

Unpaid benefits: FG, MWUN set up c’ttee on disengaged defunct NNSL employees

There are strong indications that the lingering battle by the Maritime Workers Union of Nigeria, MWUN, for the payment of benefits to disengaged and aged seafarers of the defunct Nigerian National Shipping Line, NNSL, may finally yield positive results as the union has signed a Memorandum of Understanding, MoU, on how to address the protracted issue.

Pension assets hit N15.58tn — PenCom

Pension assets hit N15.58tn — PenCom

By Victor Ahiuma-Young The National Pension Commission, PenCom, has said the total pension assets is over N15.58 trillion. Director-General of the Commission, Aisha Dahir-Umar, disclosed this yesterday in Lagos at a workshop the Commission organised for Labour Writers Association of Nigeria, LAWAN, with the theme, “Securing the Future: The Benefits of the Contributory Pension Scheme to […]