PENSION

Operators in the Nigerian stock market on Tuesday attributed low participation of Pension Fund Administrators (PFAs) in equities market to unimpressive returns. They told the News Agency of Nigeria (NAN) in Lagos that negative returns recorded by the Nigerian Stock Exchange (NSE) in 2018 and 2019 made PFAs to reduce...

    Mr Peter Aghahowa, the Head of Corporate Communication of the National Pension Commission (PenCom), has advised retirees to visit their Pension Fund Administrators (PFAs) in order to ascertain their level of qualification for the pension enhancement. Aghahowa in a interview with the News Agency of Nigeria (NAN) in...

  The National Bureau of Statistics (NBS) said the Pension Asset and RSA Membership Data of third quarter 2019 reflected that the Pension Fund Asset under Management stood at N9.58trillion. The NBS made this known in its third quarter report 2019 of Pension Asset and RSA membership data in Abuja...

  not being benefiting any salary increase nor welfare allowances since 2007 The National President of the Nigeria Union of Pensioners (NUP), Dr. Abel Afolayan, on Tuesday said he has been reassured by the Acting Chairman of the National Salaries, Income and Wages Commission, Mr. Ekpo Nta that pensioners across...

  Lagos State Government has said that a sum of N4.25bilion has been credited into the Retirement Savings Account of 1,268 retirees in the last four months. The Commissioner for Establishments, Training & Pensions, Mrs. Ajibola Ponnle, who made this known at the 66th Retirement Benefit/Bond Certificates Presentation ceremony held...

  Some Federal Government contributors to the Contributory Pension Scheme, have decried the long process involved in the ongoing Nationwide Data  Recapture for registered workers. The pension contributors, who made the complaint in separate interviews with the News Agency of Nigeria (NAN) on Wednesday in Abuja, described the process as...

  The Lagos State Government (LASG) has released N784,690 million to offset the Accrued Pension Rights (ACR) of its retirees. This was disclosed in a statement released by Mrs Ajoke Lawal, the Lagos State Pension Commission (LASPEC) spokesperson, on Wednesday in Lagos. She said the state government released funds every...

The National Pension Commission (PenCom) has urged state governments to adopt the Contributory Pension Scheme (CPS) for their workers. PenCom’s Head of Corporate Communication, Mr Peter Aghahowa, made the call during the verification for year 2020 retirees in Owerri on Monday. Aghahowa lauded the Federal Government for remaining steadfast in...

The National Pension Commission (PenCom) on Wednesday said over N3.4 billion pension contribution fund deducted by states from employees’ salaries was yet to be remitted into the employees’ Retired Savings Accounts (RSAs). The Acting Director-General, PenCom, Mrs Aisha Dahir-Umar disclosed this at the 2019 second quarter consultative forum consisting of...

Some Federal Government workers have urged President Muhammadu Buhari to give priority to timely payment of pensions and gratuities to retirees. The workers made the plea in separate interviews with the News Agency of Nigeria (NAN), in Lagos, on Monday, at the pre- retirement workshop organised by National Pension Commission...