Pension

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 […]
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FG should complete payment of pension backlog — Experts

FG should complete payment of pension backlog — Experts

By Rosemary Iwunze Experts in the pension industry have called on the Federal Government to promptly conclude the payment of the 2.5 per cent differential in pension contributions to Federal Civil Service retirees and employees. The experts argue that the N5 billion released by the FG last week to settle the differential for only 2019 […]

Pensioners urge PenCom to implement unpaid 15% increment

Pensioners urge PenCom to implement unpaid 15% increment

Pensioners under the Contributory Pension Scheme (CPS) have appealed to the National Pension Commission (PenCom) to implement their 15 and 33 per cent pension increment and other benefits. The Contributory Pensioners Union of Nigeria (CPUN), South-West Zone, made the appeal on Tuesday during a peaceful protest held in Ibadan. The CPUN President, Mr Joseph Idowu, […]

Contributors to Contributory Pensions Scheme hit 9.3m

Contributors to Contributory Pensions Scheme hit 9.3m

By Victor Ahiuma-Young Contributors to the Contributory Pensions Scheme, CPS, following the Pension Reform Act, PRA, 2014 as amended, has hit 9.3 million. This came as the National Pensions Commission, PenCom, assured stakeholders of seamless delivery of services to them especially retirees and prospective retirees. Director-General of PenCom, Aisha Dahir-Umar, made the disclosures at a […]

Pension: Portability excites account holders, 12,681 port RSAs

Pension: Portability excites account holders, 12,681 port RSAs

Retirement Savings Account, RSA, holders are excited by the transfer window launched by the National Pension Commission, PenCom, going by the number of account holders that have changed RSAs less than six months of the transfer window In an assessment of transfer window since its launch by PenCom, on 16 November 2020, no fewer than […]

Crisis hits Pension unions over check-off dues

Crisis hits Pension unions over check-off dues

***Federal Civil Service Pensioners wants PTAD stop remitting money to NUP By Johnbosco Agbakwuru – Abuja The Federal Civil Service Pensioners, FCSP, have written to the Minister of Labour and Employment, Senator Chris Ngige to stop the Pension Transitional Arrangement Directorate, PTAD, from paying Check-up dues accruing from the payment of pension arrears to the […]