Can Programmed Withdrawal (PW) pay you for life?
There is always a debate about whether Programmed Withdrawal (PW) can pay a retiree for life or not. This question is very crucial, especially to retirees who wish to choose…
PenCom Mandates PFAs to Expand Branch Network for Enhanced Service Delivery
In a move aimed at improving access and service quality for pension contributors and retirees, the National Pension Commission (PenCom) has directed Pension Fund Administrators (PFAs) to establish branches in…
Lagos issues ₦2bn retirement bond certificate to pensioners
The Lagos State Government has disbursed ₦2.02 billion in retirement benefits to 644 pensioners. This announcement was made by Mr. Babalola Obilana, the Director-General of the Lagos State Pension Commission,…
PenCom Cracks Down on Employers with Incomplete Pension Documentation
The National Pension Commission (PenCom) has issued a stern warning to employers failing to provide complete documentation for their employees’ pension contributions. In a press release, PenCom revealed that some…
Nigeria Examines Rwanda and Kenya Models to Boost Micro-Pension Enrollment
Stakeholders in Nigeria’s pension industry are concerned about the slow pace of enrollment in the country’s Micro Pension Plan (MPP) within the informal sector. To address this issue, they are…
Katsina State Inaugurates Committees for Pension Reform and others
In a move aimed at improving governance and addressing key issues, Katsina State has inaugurated several committees, including those focused on pension reform and forest management. The announcement was made…
