Trustfund Pensions eyes N2tn by year end as assets surge to N1.54tn
Trustfund Pensions Limited has set a target of growing its Assets Under Management, AUM, to N2 trillion by the end of 2026
FG should complete payment of pension backlog — Experts
By Rosemary Iwunze Experts in the pension industry have called on the Federal Government to promptly conclude the payment of the 2.5 per cent differential in pension contributions to Federal Civil Service retirees and employees. The experts argue that the N5 billion released by the FG last week to settle the differential for only 2019 […]
Contributors to Contributory Pensions Scheme hit 9.3m
By Victor Ahiuma-Young Contributors to the Contributory Pensions Scheme, CPS, following the Pension Reform Act, PRA, 2014 as amended, has hit 9.3 million. This came as the National Pensions Commission, PenCom, assured stakeholders of seamless delivery of services to them especially retirees and prospective retirees. Director-General of PenCom, Aisha Dahir-Umar, made the disclosures at a […]
We spend over N1.3bn monthly on pensioners — Okowa
By Festus Ahon Contrary to insinuations that pensioners were being neglected in the state, Delta State Governor, Dr Ifeanyi Okowa, few days ago disclosed that the state government spends over N1.3 billion monthly servicing pension obligations to its retirees. Okowa, who disclosed this while swearing in nine Special Advisers and Chairman, Bureau of State Pensions, […]
CDS counsels military personnel on retirement without tears
By Evelyn Usman Retirement without tears after a meritorious career in the military and how to seamlessly integrate into civilian life was the thrust of the message, the military authorities delivered to 343 personnel of the Nigerian Armed Forces that recently bowed out of the Military. Their final pull out from the military life into […]
Retirees to smile as PTAD receives £26.5m repatriated pension fund from UK
By Victor Ahiuma-Young The Pension Transitional Arrangement Directorate (PTAD) has received £26,505,862.97 (Twenty Six Million, Five Hundred and Five thousand, Eight hundred and Sixty-two Pounds, Ninety-Seven Pence) repatriated from the United Kingdom (UK). These pension funds had hitherto been under investment with Crown Agents Investment Management Limited, CAIML, United Kingdom, UK. According to the PTAD’s […]
FG begins payment of new pension to retirees
The Federal Government through the Pension Transitional Arrangement Directorate, PTAD, has begun the payment of the consequential adjustment to pensioners under the Defined Benefit Scheme, DBS
