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Month: November 2021

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  • Edo State Government sensitizes retiring workers on Contributory Pension Scheme

Edo State Government sensitizes retiring workers on Contributory Pension Scheme

The Edo State Government conducted a 3-day workshop last week to sensitize the first batch of intended retirees to benefit from the state’s Contributory Pension Scheme. Abbe Osaro Washington, the…

The Race to N5bn capital base by PFAs

In April of last year, the National Pension Commission (PenCom) approved an increase in the minimum share capital of pension fund administrators from N1 billion to N5 billion. The PenCom…

Introduction of Fund VI will deepen financial market investible assets – Expert

The introduction of Pension VI by the National Pension Commission (PenCom) will offer new non-interest finance instruments for Shariah-compliant workers and investors. This statement was delivered by Mrs. Abimbola Sulaiman,…

Osun State Govt approves N708M pension arrears payment

The Osun State Government, led by Gov. Gboyega Oyetola, has approved the release of N708 million to pay pension arrears to retirees in the state. This is according to a…

Pension liabilities of 265 parastatals under the DB scheme is over N90bn – PTAD

The Pension Transitional Arrangement Directorate (PTAD) revealed Tuesday that 265 parastatals’ total pension liabilities under the Defined Benefit Scheme (DBS) totaled over N90 billion. Alhaji Yusuf Umar, the PTAD Director…

The Non-Interest Fund: Who Can Join

In 2021, the National Pension Commission (PenCom) introduced an additional fund into the multi-fund structure. This fund is known as the RSA Fund VI or The Non-Interest Fund. Consequently, the…

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