Micheal Ajay The National Pension Commission has declared a total of N107.93bn paid to 313,468 contributors under the Contributory Pension Scheme that has temporarily lost their jobs. Analysis by PenCom showed that out of the N107.93bn, the private sector accounted for 95.38 per cent of those who benefitted from the payments while the public sector […]
The National Pension Commission (PenCom) has issued new guidelines to regulate the operation of Voluntary Pension Contributions (VPC) under the Contributory Pension Scheme (CPI). PenCom Head of Corporate Communications, Mr Peter Aghahowa, said in the statement on Friday that under the guidelines, voluntary contributions should be non-obligatory contributions made by any employee in the formal […]
Delta State Governor, Senator Dr Ifeanyi Okowa has urged the Federal Government to work out ways for all states of the federation to key into the contributory pension scheme, because of the overall benefits of the scheme to the Nigerian worker. Governor Okowa made the call on Thursday Asaba during the swearing-in ceremony of Mr […]
…As NPA pensioners lament unpaid N34bn entitlements, arrears The National Pension Commission (PenCom) has disclosed that it has released N86.7 billion to sacked workers of various companies who had been into Contributory Pension Scheme (CPS). But pensioners of Nigerian Ports Authority (NPA) have urged President Muhammadu Buhari to pay them their pension arrears increment/harmonisation, amounting […]
Governor of Ebonyi State, Engr. David Nweze Umahi, has said that it is not compulsory for all Ebonyi workers to participate in the state’s new pension scheme. He announced this during meeting with the Nigeria Labour Congress and its affiliate bodies over the controversy surrounding the new pension law at the Government House, Abakaliki on […]
The National Bureau of Statistics (NBS) has disclosed that about 89 percent of the Nigerian workforce is not registered to receive pension. According to a recent report released by the NBS, the Retirement Savings Account (RSA) membership distribution data for Q4 2016 showed that 7,348,028 workers were registered under the contributory pension scheme from a […]
The Nigeria Labour Congress (NLC) has called for sanction on those who failed to remit pension funds. President of the NLC, Comrade Ayuba Wabba, said non remittance of deductions or contributions by some employers, including federal and states governments, constitute a threat to the pension scheme, subjecting pensioners to untold hardships. He urged the National […]