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En-bloc Payment: Retirees with pension less than a third of the Minimum wage get full En-bloc payment

Spread the loveRetirement Savings Account (RSA) balances can now be withdrawn en-bloc by retirees who are eligible for a monthly pension of less than N10,000, which is a third of…

Lagos pays N43b to 11,644 retirees, updates Employer Employee contribution rate

Spread the loveMrs. Ajibola Ponle, the commissioner for establishments, training, and pensions for the state of Lagos, revealed that from May 2019 until now, the Lagos State Pension Commission (LASPEC)…

Nigeria’s Pension assets can help close the infrastructure deficit funding gap – Report

Spread the loveBy allocating its $33.4 billion in pension assets to infrastructural funding, Nigeria may be able to close its $100 billion annual infrastructure gap. According to a recent report…

Over N17bn Inherited Liabilities Of Defunct Government Agencies settled by PTAD

Spread the loveInvestigations have shown that the Pension Transitional Arrangement Directorate (PTAD) has been paying monthly pensions to all pensioners on its payroll, despite the Nigeria Union of Pensioners (NUP)…

Dwindling revenue, ghost workers, others affect states’ ability to pay salaries, pensions and gratuities

Spread the loveInvestigation reveals that the growing backlog of pensions and gratuities owed to retired civil personnel appears to be overwhelming almost all the 36 states of the federation. The…

Only 5 States are pension ready to settle retirees’ entitlements under the CPS – PenCom

Spread the loveFindings have shown that only five states are ready to fund their retirees’ RSA under the Contributory Pension Scheme (CPS). This is as more workers are expected to…

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