The Pension Transitional Arrangement Directorate (PTAD) has announce the approval of a series of far-reaching measures aimed at enhancing the welfare of Defined Benefit Scheme (DBS) Pensioners by President Bola Ahmed Tinubu. President Tinubu has approved for immediate implementation additional
President Bola Tinubu has directed the expedited rollout of the free healthcare access initiative for low-income retirees under the Contributory Pension Scheme (CPS), describing it as a critical component of social protection and dignity in retirement. This was disclosed in
The Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, has raised alarm over widespread non-compliance with the Pension Reform Act (PRA) 2014 by media organisations in Nigeria, revealing that newspaper owners owe journalists over N720 million unpaid pension
The National Pension Commission (PenCom) has told the Head of Service that PenCom is working on modalities for the establishment of a Gratuity Scheme, in line with Section 4(4)(a) of the PRA 2014 for retiring employees of Federal Government treasury-funded
The Pension Transitional Arrangement Directorate (PTAD) say it has finalized the payment of another instalment of pension arrears arising from the 32,000 Naira increment approved by President Bola Ahmed Tinubu in 2024. Olugbenga Ajayi, Head, Corporate Communications of PTAD in
Employers who fail to remit or under-remit pension contributions are strictly liable under Nigerian law, and face limited legal defenses when such matters are brought before the courts, Hon. Justice Olufunke Yemi Anuwe of the National Industrial Court has said.
The National Pension Commission (PenCom) has issued a new directive that prohibits transacting with service providers and vendors that do not remit pensions for their employees as evidenced by a Pension Clearance Certificate issued by PenCom. PenCom in a statement
The National Pension Commission (PenCom) has stated that newspaper organisations are owing over ₦1.3 billion in unpaid pension contributions for journalists. Director General of PenCom, Ms. Omolola Oloworaran, who made the disclosure when she led a delegation to the Nigerian
The Nigerian pension industry has committed a total of ₦5.51 trillion to asset classes that support long-term financing for real sector growth. According to a statement by the management of the National Pension Commission (PenCom), these investments span infrastructure, private equity vehicles,
The National Pension Commission (PenCom) has launched a new Pension Contribution Remittance System, a platform designed to optimise the process of remitting pension contributions into employees’ Retirement Savings Accounts (RSAs). Developed in collaboration with the Pension Operators’ Association of Nigeria
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