By Victor Ahiuma-Young Leaders of the Nigeria Labour Congress, NLC, have blasted the Abia State Government for inflicting untold hardship, pains and suffering on the state’s senior citizens by refusing to pay their arrears and backlog of pensions and other benefits for over three years.  This came as the aggrieved retirees stormed the streets of […]

By Victor Ahiuma-Young The National Pension Commission, PenCom, has announced that 20 Pension Fund Administrators, PFAs, have met its N5 billion minimum recapitalisation deadline from N1billion. The Commission has also announced the approval of the acquisition of AIICO Pension Managers Limited by FCMB Pensions Limited. It equally approved the merger between Tangerine Pensions Limited and […]

By Victor Ahiuma-Young THE National Pension Commission, PenCom, has announced and issued for immediate implementation, a revised regulation on retirement and terminal benefits for workers under the Contributory Pension Scheme, CPS. In the first comprehensive review of the regulation since its initial issuance in 2007, the commission in a statement informed that revised regulation simplifies […]

Twenty Pension Fund Administrators (PFAs) met PenCom’s deadline to increase their Minimum Regulatory Capital (shareholders’ fund) from N1 billion to N5 billion by April 27. Pension Commission (PenCom) made the declaration in a statement it issued in Lagos on Friday. The News Agency of Nigeria (NAN) reports that in 2021, PenCom approved recapitalisation for PFAs, […]

By Steve Oko The condition of pensioners in Abia State is very pathetic, as the senior citizens lament 37 months of unpaid pension arrears, amidst increasing untimely deaths of colleagues over frustrating living conditions due to lack of money to meet their basic needs. Their pain is worsened not necessarily because of the backlog of […]