The National Pension Commission (PenCom) and the Nigeria Labour Congress (NLC) have announced plans to commence enforcement operations against employers failing to remit workers’ pension deductions under the Contributory Pension Scheme (CPS) from June 1…
The National Pension Commission (PenCom) has disclosed that only seven states and the Federal Capital Territory (FCT) are fully implementing the Contributory Pension Scheme (CPS), despite 30 states having enacted pension reform laws. Speaking on…
The National Pension Commission (PenCom) has raised the alarm over a surge in recruitment scams, warning that fraudsters are increasingly impersonating its officials to exploit job seekers. In a statement issued on Tuesday via its…
The National Pension Commission (PenCom) has announced that its Personal Pension Plan is now open to students and infants, in a move designed to encourage Nigerians to begin retirement planning much earlier in life. Director-General,…
The Court of Appeal, Abuja Division, has set aside the judgment of the National Industrial Court of Nigeria and awarded N10 million in costs against the National Pension Commission (PenCom) over unlawful labour practices affecting…
The National Pension Commission (PenCom) has launched a comprehensive digital overhaul of the retirement process for Federal Government employees, marking a significant shift towards a more efficient and transparent pension administration system. The reform was…
The Federation of Informal Workers of Nigeria (FIWON) has warned that the use of Point-of-Sale (PoS) agents to collect micro pension contributions may not significantly boost participation among informal workers. The group said the proposal,…
The National Pension Commission (PenCom) has inaugurated Awabah as Nigeria’s first Accredited Pension Agent (APA), in a move aimed at extending retirement savings to millions of workers in the informal sector and strengthening long-term financial…
The National Pension Commission (PenCom) has announced the launch of a new self-service online platform from February 1, enabling Retirement Savings Account (RSA) holders to update their personal data without visiting their Pension Fund Administrators…
The National Pension Commission (PenCom) has approved a 1,173 per cent increase in monthly pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund (NSITF), ending a 21-year delay in pension review. The approval,…
