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…
PenCom adds 29 banks to the list of Primary Mortgage Banks (PMBs)
The National Pension Commission (PenCom) has added 29 commercial banks to the existing list of qualified Primary Mortgage Banks (PMBs) in the RSA for mortgage programme. Earlier in September 2022,…
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’s request for exemption from the Contributory Pension Scheme (CPS). The proposal to exclude the Police…
List of PenCom-approved Primary Mortgage Banks (PMBS) for RSA residential mortgage
The National Pension Commission (PenCom) has released the list of approved primary mortgage banks that are qualified to offer mortgage facilities to qualified participants in the newly introduced RSA for…
Data Recapture Exercise – How to do it
The Data Recapture Exercise (DRE) is an exercise conducted by PFAs or appointed agents which involves recapturing the personal data including biometrics of all existing registered RSA holders who must…
