PenCom stops payment of Additional Death Benefits claims without its approval
PenCom has directed all PFAs to stop the payment of additional Death Benefits claims to legal beneficiary (IES) without its approval.
3000 retired civil servants receive ₦12 billion pension arrears in Borno
The Borno State Government has began payment of N12billion pension arrears of 3,000 retired civil servants.
Pension Assets rise to ₦11.56 tn in Third Quarter 2020
In its third quarter report of 2020, the National Pension Commission has disclosed that pension assets under the Contributory Pension Scheme (CPS) has increased to ₦11.56 trillion.
Protect pension funds from reckless borrowers – Stakeholders tell PenCom
The National Pension Commission has been told to protect the Pension Fund Assets which stands at about ₦11.56trn from being borrowed by state governors under the guise that the fund…
FG inaugurates 16-member PenCom Board
The Federal Government of Nigeria has inaugurated 16 members of the National Pension Commission (PenCom) board to proffer innovative and feasible solutions to the challenges of pension administration in Nigeria.
Governors cannot borrow ₦17 trillion from the contributory pension fund
You must have read the news: the Nigeria Governors’ Forum (NGF) is reportedly planning to borrow the sum of ₦17 trillion from the pension fund for infrastructural development.
