The Federal Government Pension Scheme has been bedevilled by many problems since inception. It was often one of the most vulnerable items in budget implementation that were routinely subject to abuse in the light of resource constraints. In many cases, even where budgetary provisions were made, inadequate and untimely release of funds which often resulted […]
Yaya Toure has reversed his international retirement and hopes to win another trophy with Ivory Coast, according to his agent. Dimitri Seluk tweeted on Tuesday that the 34-year-old was ready to return to international action, having last played for his country in September 2016. “Yaya @YayaToure has decided to return to Ivory Coast national team. […]
Former Arsenal star Tomas Rosicky has announced his retirement after succumbing to the rigours of professional football at the age of 37. The Czech midfielder won silverware with the Gunners, Borussia Dortmund and Sparta Prague, where he started and ended a career that spanned 18 years. He also won 105 caps for his country, leaving […]
Following its resumption of underwriting of annuity business after short break, LASACO Assurance has urged the insuring public to invest their retirement benefits with it from where monthly stream of income can be generated and paid to them for a fixed period. LASACO re-commenced the annuity businesses in collaboration with its appointed experts, First Pension […]
Spain captain Sergio Ramos is not thinking about quitting international duty following next year’s World Cup in Russia. The tournament is expected to be the final World Cup for the likes of Andres Iniesta, while Ramos’ centre-back partner Gerard Pique has already signalled he will retire after the competition. But Ramos, who has won two […]
The Speaker of the House of Representatives, Mr Yakubu Dogara, has assured Nigerian teachers that the National Assembly will increase their retirement age from 60 to 65 years to retain more experienced teachers in public schools. Dogara disclosed this when he received a delegation from the Nigeria Union of Teachers (NUT) who paid him a […]
The African Alliance Insurance company Plc has announced the retirement of its managing Director, Mr. Alphonsus Okpor, as well as the resignation of its else while chairman, Engr Cyril Ajagu. The company also announced the appointment of Mrs. Olufimilayo Omo, as acting Managing Director and Chief Executive Officer. According to a statement from the company […]
I would want to know what happens to the retirement benefits of an employee who is already under a pension scheme existing before the commencement of the new pension scheme. I would also want to know how the Federal Government would fund the redemption bonds, as well as the accrued benefits. Mumunni Abba, P.O. Box […]