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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…

How to apply for Residential Mortgage Equity Contribution with RSA balance

Spread the loveBy Moshood Ayeni In a recent circular released by PenCom on the approval and immediate implementation of the Guidelines on using part of the RSA balance as Equity…

You can now access 25% of your RSA as Equity contribution for Residential Mortgage facility – PenCom

Spread the loveIn a press release seen by PensionTalk, the National Pension Commission (PenCom) said it has approved the Guidelines for the payment of equity contribution on Residential Mortgage facility…

Additional Voluntary Contribution (AVC) as A planning tool for a wonderful retirement

Spread the love“Having a happy retirement isn’t going to come by chance, it has to be a deliberate effort.” The above quote is exactly what was going on in my…

Employers’ Checklist on Pension Remittances

Spread the loveThe Pension Reform Act (PRA) 2014 mandates employers of labour in the private and public sector (except for the few exempted ones) to join the Contributory Pension Scheme…

Pension Fund under CPS hits N14.27 trillion in June 2022

Spread the loveAccording to the National Pension Commission (PenCom) the value of pension fund assets as of June 2022 is N14.27 trillion as the number of contributors under the scheme…

En-bloc Payment: Retirees with pension less than a third of the Minimum wage get full En-bloc payment

Spread the loveRetirement Savings Account (RSA) balances can now be withdrawn en-bloc by retirees who are eligible for a monthly pension of less than N10,000, which is a third of…

Nigeria’s Pension assets can help close the infrastructure deficit funding gap – Report

Spread the loveBy allocating its $33.4 billion in pension assets to infrastructural funding, Nigeria may be able to close its $100 billion annual infrastructure gap. According to a recent report…

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…

A note to all intending Relocators and RSA holders

Spread the loveBy: PensionTalk Are you planning to travel out of the country any time soon? Or are you an RSA holder who has been finding it difficult to do…

How and When to Access your Retirement Benefits under the CPS – Part 1

Spread the loveAn RSA holder under the Contributory Pension Scheme (CPS) can access his or her retirement benefits under some certain conditions. There are different conditions under the CPS through…

Advice to all intending Retirees by A Pension Expert

Spread the loveBy Muftau Tukuru, a pension expert working with one of the leading PFAs in Nigeria and with years of experience in dealing with pension-related matters. Retirement is a…

Federal Government owes only Six months of accrued rights – PenCom

Spread the loveOnly six months’ worth of accrued pension rights, according to the National Pension Commission (PenCom), have not yet been paid by the Federal Government under the Defined Benefit…

Stakeholders advocate for immediate payment of pension entitlements after retirement

Spread the loveRetirees and some stakeholders covered under the Contributory Pension Scheme have demanded payment of their pensions and other rights as soon as they leave the public sector. The…

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