Pension fund assets under the Contributory Pension Scheme (CPS) rose to N31.80 trillion as of Aug. 31. According to the unaudited monthly pension industry report released by the National Pension Commission (PenCom) on Tuesday, pension assets grew by N289.40 billion from the N31.51 trillion recorded at the end of July. …
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The National Pension Commission (PenCom) says discussions are ongoing with the Lagos State Government over concerns surrounding pension increases for retirees under the Contributory Pension Scheme (CPS). This is contained in a statement issued by the commission in Abuja on Monday. PenCom said it recognised the concerns raised by Lagos …
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THE National Pension Commission (PenCom) has launched Pension Revolution 2.0 – Stronger Pensions, Stronger Nigeria, a new phase of reforms designed to strengthen Nigeria’s pension system and expand benefits for retirees. Announcing the initiative on Monday via her official X handle, PenCom Director-General, Ms. Omolola Oloworaran, described the reforms as …
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THE Director General (D-G) of the National Pension Commission (PenCom), Omolola Oloworaran, says the N5.51 trillion pension investment will boost the country’s real sector development. This is contained in a statement issued by the management of the commission in Abuja on Tuesday. The investments, she said, span infrastructure, private equity …
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THE National Pension Commission (PenCom) has set June 1, as deadline for employers to fully adopt a new pension remittance process. The PenCom announced the launch of the pension contribution remittance system, a platform designed to optimise the process of remitting pension contributions into employees’ Retirement Savings Accounts (RSAs) on …
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Press Release: The attention of the Trade Union Congress (TUC) Rivers State has been drawn to the fact that the National Pension Commission(PENCOM) is about to issue a guideline for withdrawal of Voluntary Contribution(VC) from the Retirement Savings Account without due consultation with the workers and the Unions that represent …
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