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Pension Remittance: Only Benue, Edo, Kaduna, Lagos Complied Fully In 2021 -PenCom

Abdulateef Bamgbose Only four states fully remitted their workers pension contributions as at December 2021 in line with the mandate of the Contributory Pension Scheme, CPS, according to the 2021 fourth quarter report, Q4’21, released by the National Pension Commission,

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FG Releases N16.7bn For 2021 MDAs’ Pensions

By Mariam Sanni, Abuja The Federal Government has released N16.67 billion for the payment of Accrued Pension Rights to 2021 retirees of treasury-funded Ministries, Departments and Agencies, MDAs. This was disclosed in a statement by the National Pension Commission, PenCom,

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2023: No Pension, No Senate, Benue Pensioners Tell Ortom

By Henry Ibya, Makurdi Protesting pensioners on Saturday, blocked major streets of Makurdi, the Benue State capital, demanding for payment of their retirement benefits and monthly salary arrears allegedly accumulating between 27- 30 months respectively owed by the Benue State

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PenCom Releases Companies Qualified For Govt Contract

Mariam Sanni The National Pension Commission has announced that only 15,418 organisations out of over 3.1 million registered companies in the country can do business with the federal government. The list was posted on PenCom website titled ‘schedule of employers

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Fixed Income Securities Make N334.4bn

Mariam Sanni, Abuja Not fewer than 8,469,257 million contributors, including workers and retirees, have earned N334.46 billion from fixed income securities, according to the National Pension Commission (PENCOM) 2018 Annual Report. The report includes the activities of the commission, pension

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Governors Failed To Remit N3.4bn Deducted From Workers’ Salaries, Says PenCom

Nigeria’s National Pension Commission, PenCom has said state governments operating the contributory pension scheme have failed to remit about N3.4 billion pension contributions deducted from their workers’ monthly salaries into their retirement savings accounts with their pension fund administrators. The

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302,735 Sacked Workers Withdraw N103.42bn From Pension Fund

About 302,735 people who lost their jobs and remained jobless after four months have withdrawn N103.42bn from the balance in their Retirement Savings Accounts with their respective Pension Fund Administrators under the Contributory Pension Scheme as at the end of

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Buhari Launches Pension Scheme For Workers In Informal Sector

President Muhammadu Buhari has launched the Micro Pension Plan (MPP) for workers in the informal sector. Buhari launched the scheme on Thursday in Abuja, where he personally registered Sagir Shawa, a tricycle (keke NAPEP) operator in Karu area of the

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PenCom To Attract 60m Enrolees, N3trn Growth

The National Pension Commission (PenCom) is set to attract 60 million Nigerians in the informal sector to the pension scheme and hit N3 trillion assets growth. PenCom said the extension of the pension scheme to the informal sector was to

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PenCom Cautions Pension Contributors, Pensioners Against Kickbacks

By Cyril Ogar The National Pension Commission (PenCom) on Saturday urged pensioners and pension contributors not to give any inducement to facilitate the payment of their retirement benefits and issuance of Compliance Certificates. A statement signed by the Acting Director-General

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