Anambra is owing Local Government pensioners ₦14bn in Gratuities – State NULGE Chairman
According to the Anambra Chapter of the Nigerian Union of Local Government Employees (NULGE), the state government owes about ₦14 billion in overdue gratuities to its pensioners. Mr. Chikwelu Adigwe,…
Employers stand to gain a lot from complying with the Pension Law. Here’s how
Employers are required to deduct and remit pension contributions on behalf of their employees under the mandated Contributory Pension Scheme (CPS). They are also required to maintain a Group Life…
222 Lagos Retirees Paid Over ₦1 Billion Under the CPS – LASPEC
Mr. Babalola Obilana, Director-General of the Lagos State Pension Commission (LASPEC), said that the State Government paid N1,043,450,492.40 to 222 retirees under the Contributory Pension Scheme. He stated this recently…
If you plan to travel or are already abroad, read this about your pension plan
Nigerians in the diaspora can make Cross-Border Pension contributions under the Contributory Pension Scheme (CPS). A Nigerian working abroad who wants to participate in the CPS might do so by…
Lawmakers propose 75% Lumpsum withdrawal at retirement
The Nigerian Senate has proposed, in a Bill to amend the Pension Reform Act (PRA), that retirees should receive a Lump sum payment of 75% of their pension contributions when…
The Micro Pension Plan (MPP) and Its many benefits – Part 2
In the second part of this article, we will look at the different ways contributions can be made into a micro pension plan account. You can read the first part…
