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
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
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