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Again, police retirees demand exit from Contributory Pension Scheme

In a heartfelt display of desperation and faith, a gathering of retired police officers organized a prayer rally in the capital city of Enugu last week. Their fervent supplications sought…

How to generate Employer Code (EC) from PenCom under the CPS

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…

CPS: Police retirees reject new pension enhancement

Retirees of the Nigeria Police Force, who are under the Contributory Pension Scheme (CPS), are rejecting the recent announcement of an “Enhancement of Monthly Pension Payment” made by the Director…

Want to Open a Retirement Savings Account (RSA) with ease? Read this

The Pension Reform Act (PRA) 2014 has made the opening of retirement savings accounts (RSAs) by prospective qualified RSA holders simple and seamless. Before implementing the Contributory Pension Scheme (CPS)…

PenCom’s Pension Enhancement – The Journey so far

Retirees under the Contributory Pension Scheme (CPS) in Nigeria are entitled to periodic enhancements on their pension payment. However, only retirees who have opted for programmed withdrawal (PW) are eligible…

Stakeholders clash over proposed Police exclusion from the CPS

Stakeholders in the pension industry including the Senate have disagreed over the Nigeria Police Force‚Äôs request for exemption from the Contributory Pension Scheme (CPS). The proposal to exclude the Police…

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