There was tension in Kubwa, Abuja, on Tuesday as retired military personnel sealed off the Military Pensions Board office over what they described as a flawed and unjust implementation of approved pension increments. The veterans…
The National Pension Commission (PenCom) has paid ₦8.7 billion in outstanding pension arrears to retirees of the defunct Nigeria Social Insurance Trust Fund (NSITF), following a review that increased their monthly pensions after 21 years…
The Military Pensions Board (MPB) and the National Salaries, Incomes and Wages Commission have discussed the implementation of the new national minimum wage and its implications for the pension structure of retired military personnel during…
The Director-General of the National Pension Commission (PenCom), Mrs Omolola Oloworaran, has warned pension operators that have yet to meet the revised recapitalisation requirements to comply before the July 2027 deadline, stressing that there would…
The National Pension Commission (PenCom) says it is implementing reforms to improve pension administration, expand coverage and make services more responsive to contributors and retirees. Omolola Oloworaran, director-general of PenCom, disclosed this on Tuesday at…
The Military Pensions Board (MPB) has begun implementing newly approved pension rates and paying applicable arrears to military pensioners following the implementation of the new minimum wage. The board said the applicable arrears would be…
The Kano State Government says it has cleared ₦32 billion out of the ₦48 billion backlog of gratuities and related liabilities inherited by the administration of Governor Abba Yusuf. Yusuf disclosed this on Thursday in…
The Lagos State House of Assembly has pledged to intervene over delays in the payment of pension and gratuity to retired police officers in the state. Noheem Adams, majority leader of the assembly, made the…
The Kaduna State chapter of the Nigeria Union of Pensioners (NUP) has commended Governor Uba Sani for approving ₦3.65 billion for the payment of pensions, gratuities and death benefits to retirees and families of deceased…
Pension fund operators have committed ₦241 billion to infrastructure development through the industry’s infrastructure consortium, as the National Pension Commission (PenCom) moves to mobilise more long-term pension capital for infrastructure projects in Nigeria. PenCom Director-General…
