PENSION

  Retirees across the country have confirmed that they are yet to receive complete payment of the 33.3 per cent pension arrears, meant for Federal Government pensioners under the Defined Benefit Scheme (DBS), by the Pension Transitional Arrangements Directorate (PTAD). From a random research conducted recently, The Guardian observed that...

  The Lagos State Government is to introduce an efficient pension scheme for its workforce. Under the new regime, retirees will be paid their gratuities within three months after retirement. The Director-General, Lagos State Pension Commission, Mrs. Folashade Onanuga, said the new regime would soon be inaugurated. “The Lagos State...

  The Lagos State Pension Commission (LASPEC) said Gov. Akinwunmi Ambode of Lagos State, has paid a total of N37, 546 billion to pensioners since 2015. According to a statement signed by the Director-General of LASPEC, Mrs Folashade Onanuga, on Sunday in Lagos, the figure represented the total pension paid...

The National Pension Commission (PenCom) has said that pensioner’s contribution has hit the N8 trillion mark. The Commission said that the contributions moved from N7.779 trillion in March 2018 to N8 trillion in April. Speaking in a television programme, the Head of Research and Corporate Strategy Department at PenCom, Dr....

    Employers of labour in the country have paid about N5.19 billion as penalty for falling to remit their employees’ pension contributions to various Retirement Savings Accounts (RSA) across the country. The amount represented two per cent fine as penalty since 2012 when the Commission’s recovery exercise began till...

The National Pension Commission (PenCom), on Wednesday, issued compliance certificates to more than 4,000 firms to enable them bid for Federal Government contracts. The Head, Research and Corporate Strategy Department, PenCom, Dr Amino Farouk made this known in an interview with the News Agency of Nigeria (NAN) in Lagos. He...

The National Pension Commission (PenCom) has approved N8.26 billion as death benefits to beneficiaries of 2,391 deceased employees during the third quarter of 2017. PenCom in its 2017 third quarter report posted on its website indicated that the approval in the quarter moved the cumulative death benefits payments to a...

  Lagos State has paid  N61 billion to its retirees since commencement of the retirement benefit bond certificate presentations in 2010. The state Governor, Akinwunmi Ambode,  disclosed this at the pension conference organised by Pensionscope in Lagos last week. Amboode who was represented by the Commissioner in charge of Ministry...

A former Director-General of the Nigerian Insurers Association (NIA) and a Lawyer, Mr. Ezekiel Chiejina, is set to launch his new book titled ‘Pensions in Nigeria’ next week Tuesday at the Nigerian Institute of International Affairs (NIIA) in Lagos. The book, a compendium of contemporary information on pension matters, discussed...

The Lagos State government has released N684 million as accrued pensions to 218 retirees. The payment was made to retirees from the Mainstream Civil Service, Local Governments, State Universal Basic Education Board (SUBEB), Teachers Establishments and Pensions Office (TEPO) and other parastatals of government under the Contributory Pension Scheme for...