To assuage the suffering of pensioners in the state and clear up a backlog of arrears that accrued over two decades, the Edo State Government has released about N430 million through the Joint Account and Allocation Committee (JAAC) in the last two months. In a statement, the state government said the sum was released as […]
Insurance and financial services listed company, LASACO Assurance Plc has settled a N1.063 billion Pension Legacy Funds in its custody, in compliance with the directive of the Federal Government, through the Pension Transitional Arrangement Directorate (PTAD). The company paid the sum to PTAD as a final settlement of the funds meant for pensions of 6 […]
. Allegedly compromised lawmakers of the 7th Assembly with N500m . Allegations of bribing lawmakers baseless and unfounded- Mrs. Anohu- Amazu .We did not collect bribe to amend pension law – Senator . PenCom not aware of such transaction – Spokesman Fresh facts have revealed that the sacked Director General of the National Pension Commission […]
The former Governor of Abia State and chieftain of the All Progressives Congress , Dr. Orji Uzor Kalu, has accused Abia State government of withholding his pension and other entitlements for eight years. Kalu, who was reacting to a recent story in the media that 108 former governors are currently receiving pensions from their various […]
Workers in the informal sector who are presently wooed by the National Pension Commission (PenCom) to embrace the Contributory Pension Scheme (CPS), have demanded for a window that would enable them get soft loans for the purchase of machines and equipment from their savings. This demand was made when executives of PenCom meet the workers […]
The Head of Service, Lagos State, Folashade Sherifat Jaji, has warned retirees, especially in the State to desist from extravagant lifestyle, in a bid to use their retirement benefits judiciously. Sherifat, who stated this in Lagos, said some retirees were fond of spending their retirement benefits on unnecessary things, such as lavishing money on burial […]
The labour ministry has started to work on a budget proposal to let employees choose between provident fund and the fledgling National Pension System (NPS), labour secretary Shankar Aggarwal said. The ministry will discuss legislative changes to this effect at a meeting with the central board of trustees (CBT) of the Employees’ Provident Fund Organisation […]