By Victor Ahiuma-Young The Pension Transitional Arrangement Directorate, PTAD, has announced that it has paid over N27.5 billion in accrued pension arrears under the Defined Benefit Scheme, DBS, even as it unveiled bold plans to eliminate inequity among retirees and expand pensioner healthcare coverage in 2026. The Executive Secretary of PTAD, Tolulope Odunaiya made the disclosure […]

By Victor Ahiuma-Young Air Vice Marshal Abubakar Adamu has assumed office as the Chairman of the Military Pensions Board, MPB. In a statement by the Public Relations Officer of the board, Ahmed Mohammed, said the handover marked a new chapter in the board’s commitment to enhancing the welfare of retired military personnel and ensuring greater efficiency […]

By Victor Ahiuma-Young The Nigeria Social Insurance Trust Fund (NSITF) has reiterated its commitment to ensuring adequate compensation, workplace safety, and rehabilitation support for Nigerian workers under the Employees’ Compensation Scheme (ECS). As part of this mandate, the Fund disbursed over N49 million in compensation to four beneficiaries under the ECS. During the first presentation, N23 […]

“We must work together to create a fair and sustainable pension system for all Nigerian workers,” the NLC letter added.

By Victor Ahiuma-Young A former member of the Board of the National Pension Commission, PenCom, and Director, Centre for Pension Rights Advocacy, CPRA, Mr Ivo Takor, has welcomed the proposed reintroduction of gratuity payments under the Contributory Pension Scheme, CPS. Recall of the planned partnership between the National Pension Commission (PenCom) and the Office of the […]

By Victor Ahiuma-Young Managing Director of  Nigeria Social Insurance Trust Fund, NSITF, Oluwaseun Faleye, has lamented the low level of compliance by state governments in enrolling their workers in the Employee Compensation Scheme, ECS. Faleye spoke during a visit to the President of the Nigeria Labour Congress (NLC) at the Labour House, Abuja. He noted that […]

By Victor Ahiuma-Young The Accountant-General of the Federation (AGF), Mr Shamseldeen Ogunjimi, has reaffirmed the Federal Government’s unwavering commitment to pension payments under the Defined Benefit Scheme (DBS). He emphasized that safeguarding the welfare of senior citizens remains a top priority for President Bola Tinubu’s administration. A statement by the Head of Corporate Communications, Olugbenga […]

•NPAN, NGE, NUJ, PenCom to hold parley over compliance By Victor Ahiuma-Young & Rosemary Iwunze The National Pension Commission (PenCom) has raised the alarm over widespread non-compliance with the Pension Reform Act (PRA) 2014 by media organisations in Nigeria, stating that newspaper owners have failed to remit over N720 million deducted from journalists’ salaries. Speaking during a […]

By Victor Ahiuma-Young Nigerians for Better Nigeria, NBN, a civil society organization, CSO, has called on the Federal Government to intervene over the alleged five-year withholding of disengaged dockworkers’ benefits by Integrated Logistics Services, INTELS, Nigeria Limited. According to NBN, the dockworkers, disengaged between 2020 and 2021, have suffered untold hardships, with some dying without receiving their […]

By Olasunkanmi Akoni The Lagos State Government has restated its commitment to defraying all pension arrears and improving the welfare of retirees in the state. This comes as the government disclosed that it had disbursed N70,198,214,414.11 in accrued pension rights to 20,956 retirees across various sectors since the beginning of the current administration six years ago. Similarly, […]