PFA reacts to 50% Lump Sum judgement, awaits appeal court decision
Sigma Pensions Limited says it is committed to meeting its customer’s expectations and remains wholly guided by the law governing pension administrations in Nigeria The Pension Fund Administrator (PFA) is…
To Pay or Not to Pay: A Lump-sum ruling that could change the game for Retirees
During the week, the news broke that a retiree won a court injunction against one of the PFAs on the payment of 50% lumpsum to her against the proposed 31.3%…
The Non-Interest Fund: Who Can Join
In 2021, the National Pension Commission (PenCom) introduced an additional fund into the multi-fund structure. This fund is known as the RSA Fund VI or The Non-Interest Fund. Consequently, the…
PenCom releases 2020 Annual Report
The National Pension Commission (PenCom) has released the 2020 Annual Report of the Contributory Pension Industry. You can download the full report here
PenCom extends online verification to December 31st, 2021
For 2021 retirees and potential retirees of the Federal Government Treasury Funded Ministries, Departments, and Agencies, the National Pension Commission (PenCom) has extended the online verification and registration process (MDAs).…
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…
