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
PenCom DG visits Labour House over funds crisis
PenCom DG, Ms. Omolola Oloworaran stormed the Labour House, seat of NLC, amid rising tensions between parties over the safety of pension funds
Social Security: Upsurge in workplace deaths, NSITF warns
By Victor Ahiuma-Young The Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund, NSITF, Oluwaseun Faleye, has raised the alarm over the rising toll of workplace deaths and injuries in Nigeria, stressing that the full enforcement of the Employees’ Compensation Act (ECA) 2010 is the only guarantee of protection for workers and their families. Speaking […]
Employers must secure workers’ future, not just pay salaries — NSITF
Employers have been told that the surest way to guarantee industrial harmony and sustained productivity is to secure their workers’ future
Retirees’ welfare tops agenda as Kogi gov visits PenCom
Governor Ahmed Ododo, of Kogi State, has reaffirmed his administration’s commitment to safeguarding the welfare of retirees.
Nasarawa earmarks N1.6bn to clear 2012 retirees’ benefits
By Victor Ahiuma-Young The Nasarawa State Government has earmarked N1.6 billion for the payment of gratuities to retirees who left service in 2012, Governor Abdullahi Sule has announced Sule made the disclosure during the distribution of electric vehicles at the Government House, Lafia. He noted that his administration had already cleared all outstanding gratuities inherited from 1996 […]
Relief for pensioners as Tinubu clears arrears, hikes pay
President Bola Ahmed Tinubu has approved a series of sweeping reforms aimed at improving the welfare of pensioners under the Defined Benefit Scheme, DBS
New Hope for Police officers as PenCom unveils sweeping Pension reforms
•Seeks 75% salary as Police Pension By Victor Ahiuma-Young The National Pension Commission, PenCom, has called on the Federal Government to double its pension contribution for police officers from the current 10 percent to 20 percent, as part of wide-ranging reforms aimed at boosting retirement security for men and women of the Nigeria Police Force. PenCom’s […]
Pension security first: PTAD unveils digital tools to protect retirees
By Victor Ahiuma-Young The Pension Transitional Arrangement Directorate, PTAD, has reaffirmed its commitment to protecting pensioners’ rights and wellbeing, unveiling new digital initiatives to enhance service delivery for Federal Government retirees under the old Defined Benefit Scheme, DBS. Speaking at the 2024/2025 Annual General Meeting, AGM, of the Nigerian Association of Insurance and Pension Editors, NAIPE, sponsored […]
Labour alleges irregularities in Pension fund management
By Victor Ahiuma-Young The Nigeria Labour Congress , NLC, has threatened a showdown with the National Pension Commission (PenCom ), over alleged irregularities in the management of workers’ pension funds, accusing the commission of secret spending without authorisation and excluding workers’ representatives from critical decision-making processes. In a letter addressed to the Director-General of PenCom, President of […]
Social Security: NHIA expands health insurance to cover HIV, TB patients, hits 20m enrollees
By Rosemary Iwunze The National Health Insurance Authority, NHIA, has announced the expansion of the national health insurance scheme to cover extreme health cases, including people living with HIV, PLHIV, and tuberculosis , TB, patients, with pilot schemes currently underway in four states. This was disclosed by Mrs. Aisha Abubakar Haruna, Acting Director of the Lagos Regional […]
Pay our arrears, we can’t feed, pensioners beg FG, pensioners beg FG
By Victor Ahiuma-Young Pensioners in the Federal Capital Territory, FCT, have expressed frustration over the delay in paying their pension arrears. President Bola Tinubu had earlier approved a N758 billion Treasury Bond, which the Federal Executive Council (FEC), endorsed in February for the payment of the arrears. The National Assembly subsequently approved its implementation on July 22. […]
Retirees smile as Jigawa releases N1.5bn pension benefits
By Victor Ahiuma-Young The Jigawa State Government has announced the commencement of the disbursement of N1.5 billion in pension entitlements to 569 beneficiaries. The Head of Service, HoS, Muhammad Dagaceri, stated this while addressing beneficiaries at the Pension House in Dutse to officially flag off the exercise. Dagaceri explained that the disbursement was being carried out […]
PTAD targets 90% pensioner health insurance coverage by 2026
•Partners NHIA to roll out health insurance By Victor Ahiuma-Young The Pension Transitional Arrangement Directorate, PTAD, has concluded plans with the National Health Insurance Authority, NHIA, to enroll Defined Benefit Scheme, DBS, pensioners in the National Health Insurance Scheme by 2026, as part of efforts to improve the welfare of Nigerian retirees. PTAD Executive Secretary/CEO, Mrs. Tolulope Odunaiya, had […]
Zamfara defrays N13.9bn inherited gratuities
By Victor Ahiuma-Young Governor Dauda Lawal of Zamfara State has said that his administration has paid over N13.9 billion in inherited gratuities to retired state and local government civil servants. Lawal made this known in Gusau while inaugurating the Contributory Pension Implementation Committee. During the inauguration, the Governor also received a report from the joint committees on […]
Social Security: ECS compliance an investment, not a Cost — NSITF
By Victor Ahiuma-Young The Nigeria Social Insurance Trust Fund (NSITF), has reiterated that compliance with the Employees’ Compensation Scheme (ECS), should not be viewed as an expense but as a vital investment in worker welfare and institutional integrity. Speaking during a courtesy visit and cheque presentation at Seplat House in Lagos, NSITF Managing Director, Oluwaseun Faleye, emphasized […]
