The National Pension Commission (PenCom) Wednesday disclosed that about 8.41 million Nigerians are presently captured in the Contributory Pension Scheme (CPS). The commission disclosed this in its Pension Fund Assets Summary as at December 2018, that was obtained Wednesday. PenCom’s spokesman, Mr. Peter Aghowa, disclosed that the number would rise in the coming days as […]
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Total assets under the Contributory Pension Scheme rose to ₦8.23 trillion at the end of the second quarter of 2018, figures obtained from the National Pension Commission on Thursday showed. The figures specifically indicated that the number of contributors grew by 312,291 from 7.89 million in December 2017 to 8.14 million as of June 2018. […]
Read More More than 25,000 pensioners are still excluded from Federal Government’s payroll of retirees, according to the Nigerian Union of Pensioners (NUP). Lagos State Chapter Chairman of NUP, Joseph Dele, claimed the affected pensioners were not among over 300,000 paid under Defined Benefits Scheme and Contributory Pension Scheme. The NUP urged the Federal Government to mandate […]
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Stanbic IBTC Pension Managers Limited has said it will partner other stakeholders in the industry to help Nigerians to retire well. The PFA said this during the fifth edition of its employers’ forum, with the theme, “Partnering to deliver excellent pension administration services,” in Ibadan, Oyo State. According to a statement from the firm, the […]
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The Nigeria Union of Pensioners (NUP) has commended the Federal Government for the release of about of he sum of ₦740 billion for the settlement of outstanding pension liabilities and promotion arrears of federal workers across the country. The union also asked its members nationwide to take advantage of of the current voter registration exercise […]
Read More Nigeria’s National Pension Commission ( PenCom) has listed 12, 919 employees of the Federal Government due to retire between January and December 2018 on procedure for retirement. Head Corporate Communication Department, Emeka Onuora, who made this known in a statement, said this has been achieved through a training session tagged, “2017 Pre-Retirement Workshop from retirees […]
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The Lagos State Government has released ₦684m for the payment of accrued pension rights to 218 retirees from the mainstream civil service, local governments, the State Universal Basic Education Board, Teachers Establishments and Pensions Office and other parastatals of government under the Contributory Pension Scheme for the month of June. According to a statement on […]
Read More The total pension assets under the Contributory Pension Scheme rose to v6.4tn at the end of April this year. Figures obtained by correspondent from the National Pension Commission revealed that 55 per cent of the fund, totalling ₦3.6tn, was invested in FGN bonds. According to the commission, the fund rose from ₦4.6tn at the end […]
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A total of N106.92bn has been paid to relatives of 36,087 deceased workers as pension and insurance benefits under the Contributory Pension Scheme. Latest figures obtained from the National Pension Commission on Friday by our correspondent showed that the amount was paid as of the end of September last year. The report also indicated that […]
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The Federal Government on Wednesday said it had cleared the inherited arrears of accrued pension benefits for the years 2014, 2015 and 2016 by releasing N41.5bn and N12.5bn for January, February and March this year to the National Pension Commission for onward payment to retirees. The Minister of Finance, Mrs. Kemi Adeosun, confirmed the release […]
Read More The Lagos State Pension Commission (LASPEC) has paid N21.93 billion as pension accrued rights to 5,027 retirees in the last 16 months, its Director-General, Folashade Onanuga, has said. She made this reports known at the 11th Retirement Benefit Documentation Seminar organised by the commission in Lagos. She reiterated Governor Akinwunmi Ambode’s administration’s committment to regular […]
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The Nigerian Union of Pensioners has accused banks of refusing to pay pensions of its members after reportedly receiving allocation for the payment from the Federal Government, thus denying the retirees the Christmas and New Year celebrations. The Vice-Chairman, NUP, Federal Branch, Lagos, Arashi Lawal, said the money was specifically meant to settle December 2016 […]
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