Nigeria Employer’s Consultative Association wants strict compliance with pension laws
The Nigeria Employer’s Consultative Association (NECA) has stated its position regarding the controversy surrounding the move by state governments to borrow from the Pension Fund Assets (PFAs) for infrastructure development,…
The Legality of Govt borrowing pension fund
Pension funds, by definition, are monies put aside on behalf of employees, which are then paid to them in monthly instalments upon retirement from full-time work. For millions of retirees,…
₦7.5bn spent in 18 months to settle pensioners in Oyo – Gov Makinde
Gov. Seyi Makinde of Oyo State, said that his administration have spent ₦7.5 billion to settle the gratuities of pensioners in 18 months of his administration. Makinde, who was represented…
PFAs can only invest upto a maximum of 15% of AUM on infrastructure bonds – PenCom
The National Pension Commission (PenCom) has stipulated that pension fund administrators (PFAs) are only allowed to invest ₦2.4 trillion in infrastructure. A communique that emanated from the 22nd Nigeria Governors’…
NUP urges PTAD not to delist members over biometric verification
The Nigeria Union of Pensioners (NUP), has urged the Pension Transitional Arrangement Directorate (PTAD), not to delist its members from its payroll over their inability to physically attend the nationwide…
Simplification of pension remittances good for the pension industry
At a time many pension contributors are expressing angst over the delay in pension remittances, an expert has expressed the need for pension fund administrators to simplify process of remittances.
