The Management of Pension Transitional Arrangement Directorate (PTAD) has clarified that retired staff of the defunct Power Holding Company of Nigeria (PHCN) are not entitled to the pension increase of 33 percent approved by the Federal Government in 2010.
PTAD made the clarification in a statement issued on Thursday May...
The National Pension Commission (PenCom) has disclosed that as at 27 April 2022, all Pension Fund Administrators (PFAs) have complied with the Commission’s directive for the increase of the Minimum Regulatory Capital (Shareholders’ Fund) from N1 billion to N5 billion.
Recall that the Commission had approved the recapitalisation exercise for...
The Federal Government has called on Insurance Brokers in the country to adopt relevant technologies for robust and all-inclusive market.
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, made the call Thursday in Lagos at the investiture of the president/chairman of governing council of Nigerian Council of Registered...
The Executive Secretary Pension Transitional Arrangement Directorate (PTAD), Dr. Chioma Ejikeme, has congratulated two (2) acting directors on the confirmation of their appointment and fifteen (15) PTAD staff on their success in the 2020 Promotion Exercise.
The successful officers range from the junior to senior cadre while the acting appointments...
The Pension Transitional Arrangement Directorate (PTAD) has embarked on an expanded re-validation and re-computation exercise in a bid to clear all pension arrears and resolve all complaints of short payments and outstanding gratuities for the Civil Service Pensioners and their Next of Kin (NoK).
So far, the Directorate said, it...
The Pension Transitional Arrangement Directorate (PTAD) yesterday announced that it has resumed the postponed verification exercise Pensioners.
PTAD informed the Pensioners/NoKs that the mop up verification exercise earlier scheduled for 18th January, 2021 will now commence from 17th February to 23rd February 2021 at the Directorate’s Headquarters Abuja.
The Head of...
Following the fresh move by state governors to borrow from Nigeria's pension funds, stakeholders and experts in the pension industry have described the move as unpatriotic and urge the necessary authorities not to approve the applications
The governors had last week reportedly proposed to borrow from the the N17 trillion...
The National Pension Commission (PENCOM) has informed all stakeholders and the general public, especially Retirement Savings Account
(RSA) holders under the Contributory Pension Scheme, that it has concluded arrangements for the take-off of RSA Transfers.
Accordingly, PENCOM said, RSA holders may transfer their accounts from one Pension Fund Administrator (PFA) to another...
