PenCom okays Mergers and Acquisitions of 5 PFAs
The National Pension Commission (PenCom) has approved the Merger and Acquisition arrangements of some PFAs in the industry. The disclosure was made by PenCom on its Twitter handle on Wednesday…
Check if your monthly pension contributions are correctly remitted
When you get paid your salaries at the end of the month, it is required by law that your employer remits your monthly pension contribution, both employee and employer portion,…
Like Police, Retired Paramilitary Officers want out of the Contributory Pension Scheme (CPS)
Retired paramilitary officers in a statement issued under the National Association of Retired Paramilitary Officers in Abuja, ahead of their participation in the public hearing on the bill to amend…
Police seek exception from the Contributory Pension Scheme (CPS)
The IGP said the lives of serving officers, men, and retirees of the Force were not any better with the present contributory pension scheme, therefore seeking the exit of the…
CPS Retirees Call for inclusion in the ongoing amendment of the PRA 2014
Contributory Pension Scheme (CPS) retirees have requested the National Assembly to include their concerns in the ongoing Pension Reform Act 2014 (Amendment) Bill, 2022. Mr. Jude Owuamanam, the Interim Coordinator…
Employers stand to gain a lot from complying with the Pension Law. Here’s how
Employers are required to deduct and remit pension contributions on behalf of their employees under the mandated Contributory Pension Scheme (CPS). They are also required to maintain a Group Life…
