PenCom

PenCom steps up customer  satisfaction drive, unveils 5-year strategic plan

PenCom steps up customer  satisfaction drive, unveils 5-year strategic plan

As part of its continued drive to ease retirement life for contributors and pensioners under the Contributory Pension Scheme, CPS, the National Pension Commission, PenCom, has unveiled fresh strategies to provide Retirement Savings Account, RSA, holders with better comfort and enhance customer service delivery.
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PenCom to launch RSA transfer system Nov 16

PenCom to launch RSA transfer system Nov 16

The National Pension Commission (PenCom) will officially launch Retirement Savings Account (RSA) transfer system, under the Contributory Pension Scheme (CPS) on Nov. 16.

The Head Corporate Communication, PenCom, Mr Peter Aghahowa, made this known in a statement in Abuja on Monday.

PenCom urges RSA holders to participate in Data Recapture Exercise

PenCom urges RSA holders to participate in Data Recapture Exercise

The National Pension Commission (PenCom) has appealed to all active Retirement Savings Account (RSA) holders and retirees to cooperate with agents that would be visiting their organisations to carry out the Data Recapture Exercise (DRE) PenCom’s Head of Corporate Communication, Mr Peter Aghahowa,  made the appeal via a statement issued in Abuja on Tuesday. He […]

THE NORTHERNISATION OF PENCOM:A Constitutional Breach?

THE NORTHERNISATION OF PENCOM:A Constitutional Breach?

Although, the Senate Minority Leader, Enyinnaya Abaribe, rose to reject the President Muhammadu Buhari’s nomination of Mrs. Aisha Dahir-Umar, for a substantive five-year term as Director-General (DG) of the National Pension Commission, PenCom, after serving in acting capacity for almost four years, as a flagrant breach of the provisions of Section 20 (1) and Section 21(1) and (2) of the Pension Reform Act (PRA) 2014, the Senate President, Ahmed Lawan, overruled Abaribe.

PenCom mulls contributors RSA transfer window — Official

PenCom mulls contributors RSA transfer window — Official

The National Pension Commission (PenCom) is set to allow contributors to move their Retirement Savings Account (RSA) through a transfer window from one Pension Fund Administrator (PFA) to another, provided that it is not more than once in a year. PenCom’s Head of Corporate Communication, Mr Peter Aghahowa,  made this known in a statement in […]

PenCom to initiate pension reform act 2014 review

PenCom to initiate pension reform act 2014 review

National Pension Commission (PenCom) is set to initiate a review of the Pension Reform Act (PRA) 2014. PenCom’s Head of Corporate Communication, Mr. Peter Aghahowa, made this known in a statement in Abuja on Thursday. He said that the National Assembly repealed the PRA 2004 and enacted the PRA 2014 to address implementation challenges and […]

PenCom reassures contributors of safety pension fund

PenCom reassures contributors of safety pension fund

By Victor Young National Pension Commission, PenCom, has reassured pension contributors and the general public of their safety of the pension fund, even as it assured all clients of the First Guarantee Pension Limited, FGPL, that the company has been returned to normality. In a statement announcing the handover of the Pension Fund Administrator, PFA […]

PenCom ends intervention in First Guarantee Pension

PenCom ends intervention in First Guarantee Pension

By Victor Young National Pension Commission, PenCom, has announced the end of its regulatory intervention in First Guarantee Pension Limited, FGPL, and has handed over the Pension Fund Administrator, PFA, to its reconstituted Board of Directors headed Alhaji Kashim Imam as Chairman. Other members of the board are TsegbaTerngu, Ahmed Salik, Dr. Pat Asadu, and […]

PenCom hands over First Guarantee Pension Ltd to reconstituted board

PenCom hands over First Guarantee Pension Ltd to reconstituted board

The National Pension Commission (PenCom) has handed over First Guarantee Pension Limited, a Pension Fund Administrator (PFA), to a reconstituted board. PenCom’s Head of Corporate Communication, Mr. Peter Aghahowa, who made this known in a statement in Abuja on Monday, said that the commission had dissolved the Interim Management Committee (IMC) it appointed on Aug. […]

House of Reps committee summons SGF over non existing board for PenCom

House of Reps committee summons SGF over non existing board for PenCom

The House of Representatives Committee on Pensions on Wednesday summoned the Secretary to the Government of the Federation (SGF) to explain why the Governing Board for National Pension Commission (PenCom) was not constituted. The News Agency of Nigeria (NAN) however, reports that no date was given for the SGF, Mr Boss Mustapha to appear before […]

FG’s plan to borrow N2trn from Pension fund, threat to CPS — NECA

FG’s plan to borrow N2trn from Pension fund, threat to CPS — NECA

Nigeria Employers’ Consultative Association, NECA, yesterday rejected reported plans by the Federal Government to borrow about N2 trillion from the Pension Fund to augment infrastructural development, saying it is a threat to the Contributory Pension Scheme, CPS.

Labour excited as PenCom steps up regulatory activities

Labour excited as PenCom steps up regulatory activities

Punishment for not having group life insurance policy — Trustfund Pensions Organised Labour has commended the National Pension Commission, PenCom, for the renewed vigour in its regulatory activities to ensure employers’ compliance to the Pension Reform Act, PRA, 2014, as amended. In the last two weeks, the commission had issued three regulatory notices to stakeholders […]

Reps C’ttee demands explanation on IGR spending by PENCOM

Reps C’ttee demands explanation on IGR spending by PENCOM

The House of Representatives Committee on Pensions has frowned at the Nigeria Pension Commission (PENCOM) for spending it’s Internally Generated Revenue (IGR) without the approval of the National Assembly. The Chairman of the Committee Rep. Alhassan Rurum (APC-Kano) expressed dissatisfaction with the expenditure at an investigative hearing on Thursday in Abuja. He said that manner […]

PENCOM plans PFA transfer window

PENCOM plans PFA transfer window

The National Pension Commission (PENCOM) said on Saturday that it would open the window for the transfer of Pension Fund Administrator (PFA) tentatively by June 2020. The Head of Corporate Communication, PENCOM, Mr. Peter Aghohowa, disclosed this in a chat with the News Agency of Nigeria(NAN) on the sidelines of the 2019 media retreat organised […]

Obaseki’s pension reforms: Edo, six others top PenCom’s remittance complaint states

Obaseki’s pension reforms: Edo, six others top PenCom’s remittance complaint states

As a testimony to Governor Godwin Obaseki’s pension reforms for the benefit of the state’s workforce, Edo State has been listed among the top seven states in Nigeria that are up to date with remittances into the Contributory Pension Scheme (CPS). The rating is contained in the Second Quarter 2019 Report of the National Pension […]