Pension

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Good news for pensioners under contributory pension scheme

Good news for pensioners under contributory pension scheme

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 […]

Pensioners tell tales of woe over 37, 40 months unpaid arrears in Abia

Pensioners tell tales of woe over 37, 40 months unpaid arrears in Abia

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 […]

Pensioners threaten street protest in Akwa Ibom over N24bn unpaid gratuities

Pensioners threaten street protest in Akwa Ibom over N24bn unpaid gratuities

By Chioma Onuegbu ALL is not well with  pensioners in Akwa Ibom State as they have warned that the suffering, the frustration and perceived abandonment by the state government may force them into street protest across the state. Among others, the senior citizens expressed misgivings about the way the state government has relegated the issue […]

LASG pays N38bn accrued pensions to 9,865 retirees in 3 years

LASG pays N38bn accrued pensions to 9,865 retirees in 3 years

THE Lagos State Government said it has paid nothing less than N38 billion as accrued pension rights to 9,865 retirees in the last three years. Commissioner for Establishments, Training and Pensions, Mrs Ajibola Ponnle, disclosed this at the presentation of bond certificates to the 92nd batch of retirees from the state‘s public service by the […]

Only 4 states complying with Contributory Pension for workers — PenCom

Only 4 states complying with Contributory Pension for workers — PenCom

By Rosemary Iwunze There are indications that only four states, namely Lagos, Kaduna, Edo and Benue, remitted their workers pension contributions fully as at December 2021, in line with the mandate of the Contributory Pension Scheme, CPS. According to the 2021 fourth quarter report, Q4’21, released by the National Pension Commission, PenCom, five other states […]

PenCom, NLC, PENOP reject bill to remove NPF from CPS

PenCom, NLC, PENOP reject bill to remove NPF from CPS

By Victor Ahiuma-Young THE National Pension Commission, PenCom, Nigeria Labour Congress, NLC, and Pension Fund Operators Association of Nigeria, PENOP, have rejected a bill to remove the Nigeria Police Force, NPF, from the Contributory Pension Scheme, CPS. The trio spoke in Abuja during a public hearing on two pension-related Bills by the House Committee on […]

PenCom reviews Pension Reform Act 2014

PenCom reviews Pension Reform Act 2014

The National Pension Commission (PenCom) has reviewed the Pension Reform Act 2014 (PRA 2014) as a prelude to advancing legislative action on the Bill. This is contained in a statement by Peter Aghahowa, Head, Corporate Communications of PenCom, on Monday in Abuja. He said that PenCom organised the retreat on the review of PRA 2014 […]

Pension gap between FG and states’ workers widens

Pension gap between FG and states’ workers widens

There are indications that the pension gap between federal and state civil servants would widen in 2022 as most states fail to provide for the adjusted pension funding in the current budget.

Controversy over N1.68bn unpaid pension in Kwara

Controversy over N1.68bn unpaid pension in Kwara

By Demola Akinyemi There seems to be no end in sight to the controversial N1.68billion unpaid benefits allegedly owed pensioners in Kwara state by the government. The debt said to have been accumulated by the Dr Abubakar Saraki-led administration later became a subject of judicial battle between the government and the pensioners. In fact, the […]

NASU decries non-remittance of deducted pension by govt

NASU decries non-remittance of deducted pension by govt

By Victor Ahiuma-Young Members of the  Non-Academic Staff Union of Educational and Associated Institutions, NASU, has expressed concern over refusal of some state governments to remit deducted pension funds to workers’ Retirement Saving Account, RSAs. NASU members at their National Executive Council, NEC meeting in Abuja, also faulted non-enactment of pension law by state government, […]

FG still owes over N90.1bn pension liabilities — PTAD

FG still owes over N90.1bn pension liabilities — PTAD

By Victor Ahiuma-Young  The Federal Government still owes over N90.1 billion pension inherited unfunded liabilities to redundant agencies and parastatals, the Pension Transitional Arrangement Directorate, PTAD, has said. The Directorate disclosed this at the training workshop it organised for pension correspondents in Abuja. Deputy Director of Parastatals, Pension Department, PaPD, of PTAD, Yusuf Umar, who […]

NITEL/MTEL Pensioners write Buhari over 77 months arrears

NITEL/MTEL Pensioners write Buhari over 77 months arrears

By Ibrahim Hassan – Kaduna Despite President Buhari’s directive that their pensions be reinstated, pensioners of the defunct Nigeria Telecommunications Limited, NITEL/MTEL, have appealed to President Muhammadu Buhari to intervene in their case, as they are still being owed 77 months pension arrears. In a letter to the President written by members of the concerned NITEL/MTEL […]

PRA did not stop gratuity, Ex-PenCom board member insists

PRA did not stop gratuity, Ex-PenCom board member insists

By Victor Ahiuma-Young A former board member of the National Pension Commission, PenCom, and Executive Director, Centre For Pension Rights Advocacy, CPRA, Ivor Takor, has called on employers not to shy away from paying gratuities to their workers, saying the Pension Reform Act, PRA, did not stop gratuity. Takor in a presentation at the Social […]