Pension

PFAs are limited liability companies duly licensed by Pencom as special purpose vehicles to carry out pension business only. The PFAs open retirement savings account for employees, manage the person…

Funding Civil servants, prior to Pension Reform Act of 2004, bore no direct responsibility, by way of payroll tax, for the provision of pension; instead pension benefits were paid through…

The Contributory Pension Scheme, CPS, was an initiative conceived afet empirical evidence exposed monumental corruption in the old Pension Scheme. HISTORICAL BACKGROUND Prior to the enactment of the Pension Reform…

Yemisi Izuora  A fraction of pensioners under the Contributory Pension Scheme, CPS, are facing some challenges following stoppage of their monthly stipends some years after they retired. It was learnt…

Yemisi Izuora  Pensioners in Abia State, have criticized the state government for neglecting them despite the pitiable plight of their members, saying that many of them are facing serious health…

Yemisi Izuora  The National Pension Commission, PENCOM, has uncovered a new trick by unidentified fraudsters disguising as relatives of workers and retirees under the Contributory Pension Scheme, CPS. The fraudsters…

Yemisi Izuora A Federal High Court n Lagos presided over by His Lordship, Honourable Justice Ibrahim Buba of Court No. 5 has entered judgement in favour of Pension Transitional Arrangement…

The National Pension Commission (PenCom) has directed all the Pension Fund Administrators(PFAs) in the country to conduct thorough  investigation before processing any death benefits claim as some fraudulent people are…

Yemisi Izuora  The National Pension Commission (PenCom) has released new guidelines to regulate the operation of Voluntary Pension Contributions (VPC) under the Contributory Pension Scheme (CPI). PenCom Head of Corporate…