National Pension Commission

The National Pension Commission says total pension fund assets have grown to N8.63 trillion as at December 2018.

The House of Representative has started investigations into the activities of the National Pension Commission from April 2017 to date on the alleged violation of the Act establishing the commission.

The National Pension Commission has issued licence to the Nigerian University Pension Management Company Ltd to carry out the business of a Pension Fund Administrator in universities.

The commission in its 2018 third quarter report posted on its website, said the 2,831 retirees received N1.7 billion as lump sum payment and were paid premium of N16.04 billion to insurance companies.

The National Pension Commission is set to attract 60 million Nigerians in the Informal Sector to the pension scheme.

The National Pension Commission on Wednesday urged states to implement the Contributory Pension Scheme saying it remained the best option for retirees.

The National Pension Commission says contributors under its Micro Pension Scheme to be rolled out in 2019 could have access to 40 per cent of the total contributions after three months of commencement.

The National Pension Commission has issued new guidelines to regulate the operation of Voluntary Pension Contributions under the Contributory Pension Scheme.

The National Pension Commission has approved 3, 280 applications for payment of retirement benefit under life annuity plan.

The National Pension Commission has directed Pension Fund Administrators to permit retirees and foreign contributors access to full Voluntary Contributions in the Retirement Saving Accounts at the expiration of their employment.

The acting Director General of the National Pension Commission, Aisha Dahiru-Umar, says its appointed recovery agent recovered N14.76 billion outstanding pension contributions and penalties.

The Acting Director-General of PenCom, Aisha Dahir-Umaru, made the assertion at the 2018 Conference of National Association of Insurance and Pension Correspondents in Lagos on Thursday.

The National Pension Commission says that no fewer than 2,700 Federal employees from FCT and Niger due to retire in 2019 have commenced their verification and enrollment in its Abuja centre.

The PENCOM’s Head of Corporate Communications, Peter Aghaowa, gave the assurance on Monday in Benin while speaking on the side lines of the verification and enrolment exercise for the 2019 pre-retirement documentation.

The acting Director-General, National Pension Commission, Aisha Dahir-Umar, said a pre-retirement workshop was taking place simultaneously in 15 locations across the country.

The Acting Director-General of the commission, Hajiya Aisha Dahir-Umar, made this known in Kano at a workshop for retirees under the Contributory Pension Scheme.

The spokesperson for PenCom, Peter Aghahowa, made the clarification at the ongoing Pre-retirement Workshop for 2019 retirees on Tuesday at the University of Lagos.

The Acting Director-General, PenCom, Aisha Dahir-Umar, said at the workshop in Lagos on Monday that over eight million retirees had been imparted with the knowledge of the country’s pension scheme through the annual event.

They also took a swipe at the PFAs who are the custodians of the pensions contributed by civil servants before retirement, for flouting the directives of the National Pension Commission, the regulatory body set up by government to supervise…

Peter Aghahowa, the Head, Corporate Communications of PenCom, said this in an interview with the News Agency of Nigeria in Uyo on Friday.