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Month: July 2021

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  • 70% of Pension Assets under the CPS is owned by the Private Sector – Dr. Umar Aminu

70% of Pension Assets under the CPS is owned by the Private Sector – Dr. Umar Aminu

According to the National Pension Commission (PenCom), private-sector workers own 70% of the N12.7 trillion pension assets under the Contributory Pension Scheme (CPS). Dr. Umar Aminu, the Commissioner, Administration at…

PenCom drags non-compliant employers to court over pension remittance

The National Pension Commission (PenCom) has disclosed that it is in court with about recalcitrant management of over 120 companies that have refused to comply with the dictates of the…

PenCom unveils a five-point strategic agenda to grow the pension industry Post-COVID

The National Pension Commission (PenCom) has unveiled five strategic focus areas with the mandate of ensuring measurable impact on the economy and positioning the industry for sustainable growth in the…

Police retirees may receive 300% gratuity at retirement if approved by the FG

A proposal has been made to President Muhammadu Buhari for the approval of the payment of 300 percent gross annual salaries as gratuities to retired police officers. This is even…

5 Tips on having a wonderful life at retirement

You don't have to earn a fortune to life a wonderful life when you eventually retire. Here are 5 tips to help you have a wonderful life at retirement.

2019/2020 retirees of FG’s Treasury funded MDAs get 2.5% pension differential, Others to be paid soon – PenCom

The National Pension Commission (PenCom) announced on Monday that it had begun paying pensioners the 2.5 percent differentials mandated by the Pension Reform Act (PRA) 2014. Aisha Dahir-Umar, Director General…

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