Generate Employer Code (EC) from PenCom in 2 easy steps
Spread the loveWhat is an Employer Code (EC)? An Employer Code (EC) is a unique identification alpha-numeric code that is issued to eligible employers who are duly registered with PenCom…
PenCom Announces Significant Amendments to Voluntary Pension Contribution Guidelines
Spread the loveThe National Pension Commission (PenCom) has introduced substantial changes to the Voluntary Pension Contribution (VC) Guidelines under the Contributory Pension Scheme (CPS). The updates, outlined in a circular…
Anticipated Pension Increase for all FG Retirees in 2024
Spread the loveIn a promising development for pensioners in the federal civil service, there are indications that monthly pensions might be increased in the coming year. This revelation stems from…
State Governments Accumulate ₦1 Trillion Pension Debt, Struggle to Embrace Contributory Pension Scheme
Spread the loveState governments across Nigeria are grappling with a staggering pension debt estimated at approximately ₦1 trillion, according to a comprehensive review. Despite the enactment of the Pension Reform…
Can Programmed Withdrawal (PW) pay you for life?
Spread the love By: PensionTalk There is always a debate about whether Programmed withdrawal (PW) can pay a retiree for life or not. This question is very crucial, especially to…
PenCom Mandates PFAs to Expand Branch Network for Enhanced Service Delivery
In a move aimed at improving access and service quality for pension contributors and retirees, the National Pension Commission (PenCom) has directed Pension Fund Administrators (PFAs) to establish branches in…
PenCom Cracks Down on Employers with Incomplete Pension Documentation
Spread the loveThe National Pension Commission (PenCom) has issued a stern warning to employers failing to provide complete documentation for their employees’ pension contributions. In a press release, PenCom revealed…
Download List Of Organizations issued Pension Compliance Certificates as at 18th July 2023
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.
Premium Pensions Ltd Addresses Merger Speculation, Emphasizes Customer Interests
In response to recent speculation and circulating misinformation, Premium Pensions Ltd has come forward to address the rumors surrounding a potential business combination with an undisclosed entity.
Nigerian Governors Leave Mounting Burden of Unpaid Pensions and Gratuity
In a disheartening state of affairs, a significant number of outgoing, returning, and sitting governors in Nigeria are burdening their respective states with a mounting pile of unpaid gratuities, pensions,…
Employers’ Checklist Under the Contributory Pension Scheme (CPS)
Spread the loveThe Pension Reform Act (PRA) of 2014 established a ground-breaking rule for employers in the private and public sectors in an effort to safeguard the financial security of…
PFAs Online Data Recapture Exercise (DRE) Useful Links
If you are finding it hard to do your Data Recapture Exercise online, this is for you.
How to generate Employer Code (EC) from PenCom under the CPS
Spread the loveWhat is an Employer Code (EC)? An Employer Code (EC) is a unique identification alpha-numeric code that is issued to eligible employers who are duly registered with PenCom…
CPS: Police retirees reject new pension enhancement
Spread the loveRetirees of the Nigeria Police Force, who are under the Contributory Pension Scheme (CPS), are rejecting the recent announcement of an “Enhancement of Monthly Pension Payment” made by…
Want to Open a Retirement Savings Account (RSA) with ease? Read this
Spread the loveThe Pension Reform Act (PRA) 2014 has made the opening of retirement savings accounts (RSAs) by prospective qualified RSA holders simple and seamless. Before implementing the Contributory Pension…
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…
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…
PenCom Reports N236.7 Billion in Pension Contributions from States Since 2020
Spread the loveLagos, Sept. 18, 2024 — The National Pension Commission (PenCom) has revealed that states remitted a total of N236.7 billion in pension contributions to Pension Fund Custodians (PFCs)…
PFAs grant N28.9bn to 2,971 pension contributors as workers flock to pension mortgage scheme
Spread the loveThe Contributory Pension Scheme (CPS) has witnessed a remarkable surge in workers tapping into their pension accounts for mortgage loans, as the National Housing Fund (NHF) struggles to…
Enugu State Uncovers 2,640 Ghost Pensioners, Commences Pension Payments to Verified Retirees
Spread the loveThe Enugu State Government recently announced a significant discovery in its pension system, uncovering 2,640 ghost names and deceased pensioners on its payroll. This revelation came to light…
June 2024 Pension Fund Industry Report Reveals Significant Asset Growth
Spread the lovePensionTalk Analytics The pension fund industry in Nigeria witnessed continuous growth in total assets during June 2024, as revealed in the latest monthly report released by the National…
Senate Advances Bill to Establish Exclusive Pension Board for Nigeria Police Force
Spread the loveThe Senate has advanced a bill aimed at establishing an exclusive pension board for the Nigeria Police Force, similar to those for military and other security agencies. The…
