30,356 FG retirees get N3.82bn backlog payment
By Victir Ahiuma-Young There is relief for 30,356 Federal Government retirees under the Defined Benefit Scheme, DBS, as the Pension Transitional Arrangement Directorate, PTAD, has disbursedaa N3.82 billion in accrued pension arrears to them. The Directorate disclosed that it paid a total of N3,817,568,592.80 in pension arrears to affected DBS pensioners across the Parastatals Pension […]
War over pension dues: Pensioners rally support for PTAD’s new policy
By Johnbosco Agbakwuru One of the two recognized umbrella bodies for pensioners, the Federal Parastatals and Private Sector Pensioners Association of Nigeria, (FEPPPAN, has thrown its weight behind the Pension Transitional Arrangement Directorate’s, PTAD, policy to end the battle over union dues among various pensioner groups, regardless of their guise. Specifically, FEPPPAN believes that the PTAD policy on […]
NSITF compensates employees, spends N226.96m on benefits in Enugu zone
The Nigeria Social Insurance Trust Fund (NSITF) has paid N226.96 million as compensation to some registered employees in its Enugu Region from January 2022 to December 2024 for work-related deaths, injuries, diseases, and disabilities. The Managing Director of NSITF, Mr Oluwaseun Faleye, disclosed this during the NSITF special day at the ongoing Enugu International Trade Fair. […]
FG agrees pension buyout for aged seafarers —Maritime Workers Union
NNSL appears to be coming to an end as the Federal Government is said to have agreed on a pension buyout
Why we launched new pension contribution remittance system — PenCom
By Victor Ahiuma-Young The National Pension Commission PenCom, has given insight into why it launched a new Pension Contribution Remittance System designed to optimise the process of remitting pension contributions into employees’ Retirement Savings Accounts, RSAs. The platform developed in partnership with the Pension Operators’ Association of Nigeria, PenOp, has approved Payment Solution Service Providers, PSSPs, to enhance accuracy, efficiency, and transparency […]
Resolve pension arrears, prevent future financial crisis, PenCom tells states
PenCom, has told state governments that the Contributory Pension Scheme, CPS, offers a long-term solution to the pension liabilities
Social security: NSITF targets 1m annual subscriber base in ECS
By Johnbosco Agbakwuru The Nigeria Social Insurance Trust Fund, NSITF, is embarking on a new strategy to enroll no fewer than one million subscribers as beneficiaries in the Employee Compensation Scheme, ECS, yearly. This came as it lamented that many corporate organizations feign ignorance of the operations of the scheme. The Managing Director of the Fund, […]
Citizens Pensions to revolutionize retirement savings — MD
By Chioma Obinna The Managing Director of Citizens Pensions Limited, CPL, Mrs. Helen Da-Souza, has said the official launch of the new Pension Fund Administrator, PFA, operations in Lagos marks a significant step toward transforming Nigeria’s pension landscape with a strong focus on the underserved informal sector. The new PFA, licensed by the National Pension Commission, […]
PTAD moves to clear backlog of pension liabilities, pays NOK N1.6bn
PTAD paid more than N1,644 billion to 776 verified and eligible Next of Kin (NoK) of deceased pensioners under the DBS
ASCSN to compensate ex-President
By Victor Ahiuma-Young The Association of Senior Civil Servants of Nigeria, ASCSN, led by Shehu Mohammed has begun steps to pay the benefits of its former President, Innocent Bola-Audu. Vanguard gathered the moves is line with Mohammed and new leadership efforts to ensure all former leaders of ASCSN are treated as such. It was also gathered that […]
ECS eases financial strain after work-related injuries, disabilities, others — NSITF
By Victor Ahiuma-Young The Nigeria Social Insurance Trust Fund, NSITF, has said it plays very crucial role in social security and protecting employees from the financial burdens associated with work-related injuries, diseases, disabilities, and even death through the Employees’ Compensation Scheme, ECS. This came as the Fund’s Managing Director, Oluwaseun Faleye, called for collaboration with the Economic […]
