PenCom launches N1.3b recovery drive for journalists’ unpaid pension contributions
The National Pension Commission has launched a recovery effort to secure over N1.3 billion in unpaid pension contributions owed to journalists by…
Pencom
PenCom targets power firms in crackdown on pension non-compliance
The National Pension Commission is escalating its efforts to recover billions of naira in unpaid pension contributions from electricity generation and distribution…
PenCom grants PFAs full authority to approve retirement benefits
The National Pension Commission has introduced a new directive that empowers Pension Fund Administrators to approve and process various categories of retirement…
Deceased retirees’ relatives receive N274bn in death benefits – PenCom
The National Pension Commission has disbursed N274.34 billion in death benefits to 45,976 beneficiaries over the past five years. This was revealed…
Retirees to receive pension boosts from 2007 – PenCom
The Director-General of the National Pension Commission, Ms. Omolola Oloworaran, has announced that retirees will soon receive the benefits of pension increases…
Living wage approved for retired low-income earners – PenCom
The National Pension Commission has unveiled plans to ensure a living wage for retired low-income earners. This follows the Federal Government’s approval…
PenCom to restructure micro-pension scheme
The Director-General of the National Pension Commission, Omolola Oloworaran, has announced plans to remodel the micro pension scheme to enhance participation. Oloworaran…
Pension fund assets reach N21.92tn in October
The National Pension Commission has reported that total pension fund assets under the Contributory Pension Scheme reached N21.92tn as of October 2024,…
PenCom lifts ban on PFAs investment in commercial papers
The National Pension Commission has lifted its ban on Licensed Pension Fund Administrators investing in commercial papers managed by non-bank capital market…
PenCom approves full withdrawal of savings for low-income retirees
The National Pension Commission has clarified that low-earning pensioners can now withdraw their total retirement savings at once or opt to continue…
Pension funds surpassed N20tn in May – PenCom
The value of Nigeria’s pension funds climbed by 2.23 percent month on month to N20.23 trillion in May 2024. According to the…
PenCom debunks lending FG N10tn
Melvin onwubuke The Director General of the National Pension Commission, Aisha Dahir-Umar, has denied allegations that the commission loaned N10tn to the…