Types Of Retirement Under the CPS
There are different ways an employee can retire under the Contributory Pension Scheme (CPS). When an employee retires, he or she will have access to either a part of or…
Pension operators and lawmakers advocate upward review of lump sum payment to retirees
The Pension Fund Operators Association of Nigeria and the Joint Committee for Establishment and Public Service of the Senate and House of Representatives Pension Committees have agreed to review the…
Low pension penetration at 11% worries Contributory Pension Scheme (CPS) operators
Stakeholders in the pension sector reviewed the sector’s performance over the weekend, 17 years after its reform and since the introduction of the Contributory Pension Scheme (CPS) in Nigeria. Although…
Lagos pays over N1 billion to 287 retirees
According to the Lagos State Government, over N1 billion has been credited to 287 Retirement Savings Accounts (RSAs). Mr. Babalola Obilana, Director-General of the Lagos State Pension Commission, stated this…
PenOp holds 3rd annual pension retreat for federal lawmakers
The Pension Fund Operators Association of Nigeria (PenOp) will hold its third retreat tomorrow for the Senate’s Joint Committee on Establishment and Public Service and the House of Representatives’ Committee…
FCMB Group now holds the majority shares of AIICO Pensions
The deal that increased the FCMB Group’s stake in AIICO Pensions Managers Limited to 60% has now been completed, according to AIICO Pensions, as regulator approvals are now in place.…
