The Commission has released the revised Regime of Sanctions and Penalties for non-compliance with the provisions of the Pension Reform Act 2004. The document can be obtained under Guidelines Section of this website. Alternatively, <Click Here>
Press Release
This Press Release is issued pursuant to the Circular on Minimum Capital Requirement for Licensed Pension Fund Administrators (PFAs) issued by the National Pension Commission (the Commission) on 31 May, 2011. <Read More>
Procedure for Registration of State and Local Government Employees
The National Pension Commission has released a Circular on the Procedure for Registration of State and Local Government Employees. Please check the Circulars' Section of this website for details.
Notice to all Employees on their Right to Life Insurance Policy and Pension Contributions
This is to remind all Employees in the public and private sectors covered by the Pension Reform Act 2004 (PRA 2004) that it is their right under Section 9(3) of the PRA 2004 to have Life Insurance Policy taken on their behalf by their employers for an insured amount of not less than three (3) times their annual total emolument.
Notice to all Employers of Labour: Compliance with Guidelines for Life Insurance Policy for Employees and submission of Insurance Certificates
In accordance with the provisions of Section 9(3) of the Pension Reform Act (PRA) 2004 and Section 5.5 of the Guidelines for Life Insurance Policy for Employees, Employers of labour covered by the PRA 2004 are required to submit copies of the Insurance Certificates with the schedule of benefits to the National Pension Commission (PenCom) and the Pension Fund Administrators (PFAs) where the employees maintain their Retirement Savings Accounts (RSAs).
Employer and employee contributions made on behalf of employees to either the NPF and or the NSITF have been posted to individual employees accounts...Read More
Notice on Provisions of the Public Procurement Act 2007 as they Relate to Pensions
By virtue of the provision of Section 16 (6)(d) of the Public Procurement Act, 2007 (PPA 2007), any supplier, contractor or consultant bidding or soliciting contract or business from any Federal Government Ministry, Department and Agency must fulfill all its obligations with respect to pensions...Read More
Compliance with Guidelines for Life Insurance Policy
It is the right of employees under Section 9(3) of the PRA 2004 to have Life Insurance Policy taken on their behalf by their employers..Read More
The Right of Employees to Life Insurance Policy and Pension Contributions Employers of labour covered by the PRA 2004 are required to submit copies of the Insurance Certificates with the schedule of benefits...Read More
