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Month: December 2021

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  • 12,627 Jigawa retirees received N9.4 billion from January to December 2021

12,627 Jigawa retirees received N9.4 billion from January to December 2021

In 2021, the Jigawa State and Local Governments Contributory Pension Scheme Board distributed N9.403 billion to 12,627 individuals as entitlements. “We paid a total of N9.4 billion to 12,627 recipients…

Federal Government to settle over N16 billion accrued pension arrears of 2021 FG retirees

The Federal Government has set aside N16.67 billion to pay Accrued Pension Rights to treasury-funded Ministries, Departments, and Agencies (MDAs) retirees in 2021. “The National Pension Commission (PenCom) is happy…

Payment of Pension and Gratuities should not be tied to Fuel subsidy removal, Pensioners protest

Retirees across the country have criticized state governors for tying the payment of pensions and gratuities to the removal of fuel subsidies. The Nigeria Union of Pensioners (NUP) chapters in…

Data Recapture Exercise to ensure the security of pension under the CPS- PenCom

The National Pension Commission (PenCom) has stated that it is committed to ensuring that all Contributory Pension Scheme (CPS) retirees are fully recovered and individually identifiable on the database, allowing…

PFA reacts to 50% Lump Sum judgement, awaits appeal court decision

Sigma Pensions Limited says it is committed to meeting its customer’s expectations and remains wholly guided by the law governing pension administrations in Nigeria The Pension Fund Administrator (PFA) is…

To Pay or Not to Pay: A Lump-sum ruling that could change the game for Retirees

During the week, the news broke that a retiree won a court injunction against one of the PFAs on the payment of 50% lumpsum to her against the proposed 31.3%…

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