Nigeria’s Contributory Pension Asset to hit ₦20trn by 2023 – Agusto & Co
The Nigerian Pension Industry (‘the Industry’) has evolved from a defined benefit scheme with primarily public sector participants to a mandatory defined contribution system for all government and private sector…
PenCom releases Framework for Enlightenment and Public Awareness for The Micro Pension Plan
Following the Guidelines for the Micro Pension Plan (MPP) publication, the National Pension Commission (the Commission) identified the need for sustained public education to raise awareness and acceptability of the…
Over N32bn has been paid to 8,170 retirees between May 2019 and July 2021- LASPEC
The Lagos State Government claims to have paid more than N32 billion in pensions to 8,170 retirees between May 2019 and July 2021. In a statement issued, the Lagos State…
Lagos HOA slashes former governor’s pension by 50%, stops provision of houses in Abuja and Lagos
The Lagos State House of Assembly approved the report of its establishment committee on Thursday, which recommended a 50% reduction in pensions for former governors and other affected officials. The…
Retired Military Officers receive outstanding gratuities shortfalls from Military Pensions Board
Over the weekend, the Military Pensions Board announced that it had paid all outstanding shortfalls in gratuities for pensioners who retired or were discharged between April 2019 and May 2021.…
Understanding the RSA Transfer Process – PenCom
Delivering a presentation on ‘Understanding the RSA Transfer Process’ at a seminar organized by PenCom for journalists in Lagos, the Assistant General Manager, National Databank Management Department, Hajiya Maryam Bello,…
