The National Pension Commission (PenCom) has approved 25 percent for Retirement Savings Account (RSA) holders who are in active employment to pay for equity contribution for Residential Mortgage. This was contained in a statement issued by the Head, Corporate Communications Department, PenCom, Abdulqadir Dahiru at the weekend. PenCom's move was in...
The Management of the National Pension Commission (PenCom) has clarified that its highest paid official earns less than one million naira monthly salary. PenCom in a statement on Saturday, September 17, 2022 said, it was therefore, completely illogical and improbable that the least paid employee would earn a monthly salary...
The Management of the National Pension Commission (PenCom) has notified the general public and relevant Stakeholders of its approval for the acquisition of Access Pension Custodian Limited by First Pension Custodian Limited. PenCom in a statement on Monday, September 12, 2022, said, "the acquisition was the culmination of the divestment...
The Chief Executive Officer of the Pension Operators Association of Nigeria (PenOp), Mr. Oguche Agudah has said that the vast majority of Nigerians are pension illiterates, therefore, there was need for more awareness creation. Mr. Oguche spoke virtually at a Retreat/ Maiden Magazine unveiling of the Pension Correspondents Association of...
The Director General of National Pension Commission (PENCOM), Aisha Dahir-Umar, has called for the upward review of 10% Contribution Rate as a way of addressing the concerns of Police Personnel on pension, under the current Contributory Pension Scheme (CPS). Dahir-Umar, stated this Tuesday in Abuja during a public hearing on...
The Pension Transitional Arrangement Directorate (PTAD) has completed the payment of arrears arising as a result of the consequential adjustment to pensions to three out of the four operational departments in the Directorate. It would be recalled that following the Presidential approval for a consequential adjustment to pension of the...
The Pension Transitional Arrangement Directorate (PTAD) has disclosed that the federal government still owe over N90 billion pension liabilities. This, it said was accumulation of pension liabilities of 265 parastatals under the Defined Benefit Scheme. Director, Parastatals Pension Department, PTAD, Alhaji Yusuf Umar, disclosed this in Abuja at a workshop organised...
Pensioners across the country under the Defined Benefits Scheme (DBS), today breathed a sigh of relief as the Pension Transitional Arrangement Directorate (PTAD) launched "I Am Alive" online project to mitigate their burdens. The Executive Secretary of PTAD, Dr. Chioma Ejikeme announced the Launch of the Pilot Phase of the...
The Management of the Pension Transitional Arrangement Directorate (PTAD) has commenced the payment of the consequential adjustment to the pensioners under the Defined Benefit Scheme (DBS). This is in fulfilment of the Executive Secretary, PTAD, Dr. Chioma Ejikeme’s promise made when she announced President Muhammadu Buhari’s approval for the implementation...
The Pension Transitional Arrangement Directorate (PTAD), has gotten a Presidential approval for the implementation of the pension adjustment, starting from May, 2021. This was disclosed by the Executive Secretary, PTAD, Dr. Chioma Ejikeme at a Press Conference, Friday, 30 April 2021 in Abuja. Dr. Ejikeme told newsmen that, “the Presidential approval...