PENCOM

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

Dahir-Umar made the disclosure at the sixth conference organised for pension directors by the commission in Lagos.

According to the commission, the number brings to 48,539, the total number of retirees receiving their retirement benefits via annuity.

A statement signed by the Acting Director-General of PenCom, Aisha Dahir-Umar, in Abuja said the warning was to prevent pensioners and pension contributors from being duped.

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 National Pension Commission, PENCOM, on Monday commenced the verification and enrolment exercise of 3,000 employees of Federal Government Ministries, Departments and Agencies in Ogun and Lagos State.

The Head, Corporate Communications Department of the commission, Peter Aghahowa, disclosed this in Enugu on Thursday during a pre-retirement exercise of the affected employees.

In a statement on Sunday in Lagos, Fajeminsi noted that the new structure superseded the previous “one-size-fits-all” investment structure.

Leading the debate, Galadima expressed worry that PENCOM investment power in the recent past had been subjected to gross abuse without compliance with the provisions of the Public Procurement Act of 2007.

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

Shekarau made this known on Tuesday at the official inauguration of the Nigeria Union of Pensioners House in Abuja.

The Commission in its 2017 third quarter report posted on its website said it used 55 consultants as recovery agents to get back the outstanding pension contributions and penalties from the defaulting employers.

In the statement, PenCom alleged that the guidelines “will boost government’s fight against Financial Terrorism and Money Laundering, and nip in the bud the dangers that could arise should Contributors decide to use RSAs to launder dirty…

The statement is sequel to the threat by the Rivers State Council of Trade Union Congress on disruption of work based on PenCom’s draft guidelines on withdrawal from voluntary contribution

In a statement personally signed by him, Oshiomhole said: “Recently, a section of news media attributed comments to me regarding the way and manner in which pension funds to the tune of 3.5 trillion Naira were drawn down to support…

The National Pension Commission (PenCom) says it has approved N4.44 billion as death benefits to the Next- of- Kins (NOK) of deceased employees nationwide in the first quarter of 2015.This is contained in a report…

The News Agency of Nigeria reports that PenCom’s draft statement would guide Pension Fund Administrators and other investors who want pension fund asset to develop infrastructure in Nigeria

The Pension Reform Act of 2014 is clear on consequences of contravention of Section 11, sub section 3 by employers, who for any reason, fail to remit workers' monthly contribution to the Pension Fund Administrators

The report said the increase was largely explained by Retirement Savings Account memberships, which accounted for 98.94 per cent of total pension scheme memberships during the quarter

The National Pension Commission said the pension contribution by both public and private sectors into Retirement Savings Account at the end of second quarter of 2014 was N2.5 trillion. This wass contained in PenCom Quarterly Report…