Archive For The “Pension News” Category

PTAD Collaborating With EFCC To Fight Pension Fraud — Ikeazor

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PTAD Collaborating With EFCC To Fight Pension Fraud — Ikeazor

The Pension Transitional Arrangement Directorate is collaborating with the Economic and Financial Crimes Commission and other government agencies to fight fraud in pension administration. The Executive Secretary of PTAD, Sharon Ikeazor, made the statement in Abuja on Wednesday at the News Agency of Nigeria Forum. Ikeazor said: “I call the people you call pension thieves…

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Micro Pension: Operators Target 250,000 Contributors

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Micro Pension: Operators Target 250,000 Contributors

  Operators of the Contributory Pension Scheme have said they plan to register 250,000 people when the micro pension scheme commences. The Head, Micro Pensions Department, National Pension Commission, Polycarp Anyanwu, said this while making a presentation on the topic, ‘Understanding micro pension scheme: Features, prospects and expectations’. “The sector is targeting 250,000 contributors to…

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ARFESPON Urges FG to Pay Outstanding Pension Benefits

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ARFESPON Urges FG to Pay Outstanding Pension Benefits

The Association of Retired Senior Public Officers of Nigeria (ARFESPON), has urged the federal government to pay to its members all outstanding pension benefits and erase every disparity in payment of pension benefits between its members and their serving counterparts. ARFESPON, made up of retired management level officers from salary grade level 14 to permanent…

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Again, Pensioners Stage Protest In Edo Over Unpaid Gratuities

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Again, Pensioners Stage Protest In Edo Over Unpaid Gratuities

Pensioners in Edo State have lamented the continuous non-payment of their gratuities and arrears years after their disengagement form the state civil service and appealed to the state government to come to their aid. The said three of their members died while others are presently languishing in total penury following their inability to meet up…

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AIICO to Drive Pension Scheme With Brand Ambassador

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As part of efforts to promote its brand and sensitise the public to pension scheme, AIICO Pension Managers Limited has signed an actress, Joke Silva, as its brand ambassador. According to a statement obtained from the firm on Wednesday, the Head of Strategic Planning and Corporate Communications, Mr. Tunde Ottun, said the firm’s decision to…

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ASCSN to Govt: Protect Pension Funds

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ASCSN to Govt: Protect Pension Funds

The Association of Senior Civil Servants of Nigeria (ASCSN) has urged the Federal Government to offer ‘adequate protection’ to the N5.3 trillion workers contributory pension funds. Its President, Comrade Bobboi Bala Kaigama said the fund is workers’ money meant to offset their terminal benefits when they retire. He said: “We are worried and disturbed that…

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PenCom Recovers N9.38bn Contributed Pensions From Companies

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PenCom Recovers N9.38bn Contributed Pensions From Companies

A new report by the National Pension Commission indicates the recovery of N9.38bn pension funds deducted from the salaries of workers but not remitted by their employers, The National Pension Commission has recovered N9.38bn from various employers of labour across the country that failed to remit pensions deducted from their workers’ salaries under the Compulsory…

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159,361 Disengaged Nigerian Workers Get N49.55bn Pension Benefits

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159,361 Disengaged Nigerian Workers Get N49.55bn Pension Benefits

  The National Pension Commission (PenCom) said since the inception of the Contributory Pension Scheme (CPS), N49.55 billion has been paid to 159,361 disengaged Nigerian workers who could not secure a new job after four months. PenCom stated this in its 2016 first quarter review, stressing that in the first quarter of this year, it…

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Do Not Destroy Current Pension Scheme- Sobanjo

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Do Not Destroy Current Pension Scheme- Sobanjo

In the last 11 months, the federal government has not been able to remit pension contribution as is required in the new contributory pension scheme. Some states are also said to be owing over 24 months. This trend in the pension industry has brought back the fears that laced the old scheme experienced by the…

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Two Retirees Slump During Pension Arrears Protest in Benue

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Two Retirees Slump During Pension Arrears Protest in Benue

Two pensioners of the Benue State Civil Service slumped on Wednesday during a protest staged by retirees under the umbrella of Concerned Benue Pensioners in Makurdi, the state capital. The retirees staged the protest against the Benue State government over alleged unpaid entitlements and gratuity which spanned 11 months. The protesting pensioners took to the…

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