Pension Assets under the CPS now above N13 trillion as at September 2021
The National Pension Commission (PenCom) released its monthly reports on the status of the Contributory Pension Scheme (CPS). The latest report released was for the period ended 30 September 2021.…
Rivers, Kwara, Plateau and 4 other States to pass the bill on Contributory Pension Scheme (CPS)
According to the National Economy newspaper, seven states of the federation are expected to pass a bill on the new pension scheme in their state legislatures. The Pension Reforms Act…
Investment in FG securities by PFAs increases to N8.29 trillion as at end of August 2021 – Report
Investigations have revealed that the Federal Government has borrowed a massive N8.29 trillion from Pension Fund Assets, which stood at N12.9 trillion at the end of August 2021. Despite the…
Only 20 out of the 36 states have joined the CPS – PenCom report
According to a National Pension Commission (PenCom) report titled ‘Level of implementation of the Contributory Pension Scheme by states as of June 2021’, 20 states have yet to begin paying…
Gratuity payment in the private sector not cancelled by CPS, says ex-PenCom board member
Ivor Takor, a former board member of the National Pension Commission, PenCom, and Executive Director of the Centre For Pension Rights Advocacy, CPRA, has urged firms to pay gratuities to…
Read this before you switch your Pension Fund Administrator (PFA)
As the RSA transfer window system has launched officially, many RSA holders will take the opportunity to switch from one PFA to the other. However, when you decide to change…
