PENSION

By Abdul Olalekan The Pension Transitional Arrangement Directorate (PTAD) will soon commence pension verification exercise for Nigerians in the Diaspora. Executive Secretary, PTAD, Mrs Sharon Ikeazor, who gave the hint when she visited the Senior Special Assistant to the President on Foreign Affairs and Diaspora, Hon. Abike Dabiri-Erewa, in Abuja,...

By Abdul Olalekan The Lagos State Government has remitted N75 billion as pension contributions from both employees and employer (being the Lagos State) to some Pension Fund Administrators(PFAs) across the country. The Commissioner of Establishments, Training and Pensions, Lagos State, Dr. Benson Akintola, who stated this at the 34th Retirement...

By Abdul Olalekan Pension Alliance Limited (PAL) Pensions has promised to continue to deliver competitive service to its numerous clients across the country. The Managing Director/CEO, PAL Pensions, Mrs. Morohunke Bammeke, while speaking at the firm's head office where Christmas Care packages were handed over to some retirees at the...

By Abdul Olalekan As preparation for Christmas and New Year festivals is gradually entering its peak, Future Unity Glanvills (FUG) Pensions Limited has partnered the Federal Road Safety Corps(FRSC) to sensitise drivers on speed limits, especially, during the festive period. Speaking in an exclusive interview with Business 247 News Online,...

  By ABDUL OLALEKAN The pension industry will witness another revolution by the time micro pension scheme commences in the pension sector of the country, as it will incorporate about 70 per cent of Nigerians in the informal sector of the country into the new pension scheme, said Chief Executive,...

By Abdul Olalekan The Akinwunmi Ambode-led administration in Lagos State has, from August, 2015 to date, paid N21.929 billion as accrued pension rights to 5,027 retirees under the Contributory Pension Scheme (CPS). The state government, through the Lagos State Pension Commission (LASPEC), equally paid N941 million retirement benefits to 228...

By Abdul Olalekan The National Pension Commission (PenCom) has charged justices, judges and other senior judicial officers to seek more enlightenment on the rudiments of the Contributory Pension Scheme (CPS) so that they would be able to give fair judgement on pension matters in the country. The Director-General, PenCom, Mrs....

  By Abdul Olalekan Participants at the just concluded training organised by the National Pension Commission (PenCom) for Insurance, Pension and Labour Correspondents and Business Editors in Calabar, Cross Rivers State, said there is low level of awareness on the Contributory Pension Scheme (CPS), calling on relevant stakeholders to improve...

The National Pension Commission (PenCom) will soon unveil its Micro Pension project, an initiative that provides pension coverage to self-employed Nigerians. Head, Micro Pensions Department of PenCom, Mr. Polycarp Anyanwu said this at a two-day seminar for journalists in Calabar, Cross River State. According to Anyanwu, the initiative covers three...

  By ABDUL OLALEKAN As companies in public and private sectors continue to downsize, with some closing shops due to economic recession in the country, about 28,120 workers, who had lost their jobs, have applied to get 25 per cent of their pension contributions in the current year, Business 247...