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The Senate has advanced a bill aimed at establishing an exclusive pension board for the Nigeria Police Force, similar to those for military and other security agencies. The bill, titled…
What is an Employer Code (EC)? An Employer Code (EC) is a unique identification alpha-numeric code that is issued to eligible employers who are duly registered with PenCom in order…
In response to the ongoing Naira depreciation and exchange rate instability, Closed Pension Fund Administrators (CPFAs) affiliated with international oil companies are increasing their offshore investments in foreign money market…
In a bid to address the delay in pension payments to retirees, the Federal Government has initiated the computation of accrued pensions for serving federal civil servants. According to a…
The Lagos State Government has fulfilled its promise to settle all outstanding pension liabilities, presenting bond certificates worth N4.5 billion to 2,000 retirees in the 105th and final retirement bond…
The National Pension Commission (PenCom) has introduced substantial changes to the Voluntary Pension Contribution (VC) Guidelines under the Contributory Pension Scheme (CPS). The updates, outlined in a circular to all…
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