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PenCom Recovers N24.53 Billion from Defaulting Employers

The National Pension Commission (PenCom) has successfully retrieved a substantial sum of N24.53 billion in outstanding pension contributions owed by defaulting employers. The Director-General of PenCom, Mrs. Aisha Dahir-Umar, made…

PenCom issues disclaimer on Association of Pension Desk Practitioners of Nigeria (ASSOPEP)

The National Pension Commission (PenCom) has issued a disclaimer on the Association of Pension Desk Practitioners of Nigeria (ASSOPEP) which claims to help retirees resolve their pension issues and claim…

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…

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