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PenCom’s Pension Enhancement – The Journey so far

Retirees under the Contributory Pension Scheme (CPS) in Nigeria are entitled to periodic enhancements on their pension payment. However, only retirees who have opted for programmed withdrawal (PW) are eligible…

Stakeholders clash over proposed Police exclusion from the CPS

Spread the loveStakeholders in the pension industry including the Senate have disagreed over the Nigeria Police Force’s request for exemption from the Contributory Pension Scheme (CPS). The proposal to exclude…

How to make the most of the Contributory Pension Scheme (CPS)

As participants in the industry, it is essential that you employ some strategies or take some necessary steps in ensuring that you make the most out of the CPS. This…

Federal Government releases ₦13.89bn accrued pension rights for 2022 retirees

In a statement released yesterday and obtained by PensionTalk, PenCom stated that the sum released represents the accrued pension rights of retirees of Treasury-Funded Ministries, Departments and Agencies (MDAs) who…

Retirees under Programmed Withdrawal to get enhanced pension as PenCom approves 3rd pension enhancement

The National Pension Commission has approved the third pension enhancement for all retirees under the Contributory Pension Scheme.

List of PenCom-approved Primary Mortgage Banks (PMBS) for RSA residential mortgage

The National Pension Commission (PenCom) has released the list of approved primary mortgage banks that are qualified to offer mortgage facilities to qualified participants in the newly introduced RSA for…

Data Recapture Exercise – How to do it

The Data Recapture Exercise (DRE) is an exercise conducted by PFAs or appointed agents which involves recapturing the personal data including biometrics of all existing registered RSA holders who must…

Download List Of Organizations issued Pension Compliance Certificates as at 1st December 2022

Check if your organization has a pension compliance certificate (PCC) to show if it is complying with the Pension Reform Act (PRA) 2014. Download the list of organizations issued PCCs.

List of Pension Operators in Nigeria

List of Pension Operators in Nigeria

8 important points you should note about the RSA for Mortgage

Spread the loveThe National Pension Commission (PenCom) has recently approved the use of RSA balance as equity contribution in the acquisition of a residential mortgage. Section 89 (2) of the…

Planning Your Retirement? Read this from a Retirement expert

Spread the loveBy: Tukuru Muftau Retirement refers to a situation when an employee comes to the end of his or her working career. It is a time when an individual…

Debunking The Myth about Programmed Withdrawal 10-year limit

Spread the loveOn a fateful day, I received a message from Tayo, a Retiree who is utterly confused as to whether to choose an Annuity or Programmed Withdrawal (PW). “I…

Military Pension Board Begins Payment Of Security Debarment Allowances To Ex-servicemen

Payment of the first and second Security Debarment Allowances (SDA) tranches to veterans of the military and the Next of Kin (NOK) of deceased servicemen has begun, the Military Pensions…

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