The National Pension Commission (PenCom) has called on all states and local governments to implement the Contributory Pension Scheme (CPS) for a pension-secure Nigeria. PenCom in a statement observed that many states are yet to implement the CPS, adding that for
The Executive Secretary, Pension Transitional Arrangement Directorate (PTAD) ,Ms Tolulope Odunaiya has restated the Directorate’s commitment to implementing the recently approved N32,000 pension increment for pensioners under the Defined Benefit Scheme (DBS) once budgetary provisions are released for
The Pension Transitional Arrangement Directorate (PTAD) has introduced a Mobile ‘I Am alive’ confirmation to support pensioners who could not validate their life status using either facial or fingerprint due to disabilities and/or health challenges. Executive Secretary of PTAD, Tolulope
The National Pension Commission (PenCom) has disclosed that it has received an additional release of N22 billion for settlement of unpaid accrued pension rights by the Federal Government through the Office of the Accountant General of the Federation (OAGF) as part of
By Leah Katung-Babatunde The Contributory Pension Scheme (CPS) has recorded 10.53 million registered contributors and boasts of pension fund assets of N21.92 trillion as of October 2024; it is targeted to exceed N22 trillion in 2024, a reflection of the unwavering commitment to fund safety,
The National Pension Commission (PenCom) has announce the release of ₦44 Billion by the Office of the Accountant General of the Federation (OAGF) as part of the 2024 budget appropriation for the period January to June. PenCom in a
The Ex-service Men and Family Welfare Association of Nigeria has asked the government to pay all their pension arrears and other entitlements. Retired Master Warrant Officer Anthony Gbaja Agbas, president of the Welfare Association made the call during a peaceful
The National Pension Commission (PenCom) has lifted the restriction on Licenced Pension Fund Administrators (LPFAs) investing in commercial papers where capital market operators act as Issuing and Paying Agents (IPAs). PenCom in a circular said the decision seeks to facilitate capital raising and ensure continued market
The House of Representatives has said that it recognises the vital role which the Pension Transitional Arrangement Directorate (PTAD) plays, especially in payment of pensions, gratuity and death benefits to retirees of the Federal Government exempted from the Contributory Pension
The Senate has confirmed the appointment of Ms Omolola Oloworaran as the Director General of the National Pension Commission (PENCOM). This follows the consideration and adoption of the Report of the Senate Committee on Establishment and Public Service during today’s
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