En-bloc Payment: Retirees with pension less than a third of the Minimum wage get full En-bloc payment
Retirement Savings Account (RSA) balances can now be withdrawn en-bloc by retirees who are eligible for a monthly pension of less than N10,000, which is a third of the current…
Lagos pays N43b to 11,644 retirees, updates Employer Employee contribution rate
Mrs. Ajibola Ponle, the commissioner for establishments, training, and pensions for the state of Lagos, revealed that from May 2019 until now, the Lagos State Pension Commission (LASPEC) had paid…
Dwindling revenue, ghost workers, others affect states’ ability to pay salaries, pensions and gratuities
Investigation reveals that the growing backlog of pensions and gratuities owed to retired civil personnel appears to be overwhelming almost all the 36 states of the federation. The situation is…
Only 5 States are pension ready to settle retirees’ entitlements under the CPS – PenCom
Findings have shown that only five states are ready to fund their retirees’ RSA under the Contributory Pension Scheme (CPS). This is as more workers are expected to retire by…
Lagos pays N1.12bn accrued pension rights to 438 Retirees in April 2022
The Lagos State government said on Friday that it had paid N1.128 billion in April which represents the accrued pensions and contributions to 438 retirees. Ajibola Ponnle, the Commissioner for…
Pensioners in Cross Rivers fume over unpaid gratuities since 2014
Pensioners in Cross Rivers have protested over the non-payment of their gratuities by the Cross River state government since 2014. “As I talk to you, many of us are yet…
