News Nigeria

Edo offsets N430m LG pension arrears in two months

Ihesiulo Grace 9 October 2017 0

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

Capital Market Insurance

Pension: LASACO settles N1.063 bn legacy funds

Ihesiulo Grace 8 September 2017 0

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 […]

News Top Stories

Pension Act Amendment: How sacked PenCom DG ‘bribed’ NASS

Ihesiulo Grace 8 May 2017 0

. 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 […]

News Nigeria Politics

My pension has not been paid for 8 years, says Orji Kalu

Ihesiulo Grace 21 February 2017 0

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 […]

Business Insurance

Informal Sector Looks to PenCom for Equipment Loans

Ihesiulo Grace 1 May 2015 0

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 […]

Insurance

Pension: Lagos HoS Warns Retirees against Profligacy

Ihesiulo Grace 9 April 2015 0

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 […]

Business

India Plans Pension System Overhaul

Ihesiulo Grace 26 March 2015 0

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 […]