THE PROVISIONS OF THE PENSION REFORM ACT 2014 GOVERNING APPOINTMENTS TO THE BOARD OF THE NATIONAL PENSION COMMISSION 1. The relevant statutory provisions governing the appointment to are the following: i. Section 19(3) of the PRA 2014 provides that the Chairman, the Director General and Commissioners shall be appointed by the President subject to confirmation […]
DownloadThe following guidelines and Regulations have recently been hosted on the Website. Revised Regulation on Retiree Life Annuity (click on Guidelines and Regulations tab then click Guidelines tab to search) Revised Guidelines on Group Life insurance Policy for Employees (click on Guidelines and Regulations tab, then click on Regulations tab to search) Retiree Pack – […]
Read MoreThe Federal Government has released the sum of 14.92 billion for the payment of accrued rights for retirees under the Contributory Pension Scheme (CPS). This amount will cover four months arrears. The Accrued Pension Rights represents an employee’s benefits for the past years of service up to June 2004, when the Pension Reform Act (PRA) […]
Read MoreThe National Pension Commission(PenCom) has published the 3rd Edition of the Frequently Asked Questions (FAQs) on the Contributory Pension Scheme (CPS). The publication updates the earlier edition of May 2018 and incorporates some new initiatives on the CPS which the Commission has concluded and commenced implementation. In addition, it seeks to address key issues that […]
Read MorePlease find a detailed representation of implementation status of the Contributory Pension Scheme for all the states ad the FCT as at February 2020 (download for details)
DownloadThe attention of the National Pension Commission (PenCom) has been drawn to an online article titled ‘PenCom Recruitment 2020/2021’, which directs the general public particularly persons seeking employment to visit the link: https//recruitmentportalngr.com in order to take part in the recruitment exercise. The Commission hereby states unequivocally that no such exercise is underway, and that […]
DownloadThe Securities and Exchange Commission (SEC) has through a Circular dated 27 July 2019 directed that only Capital Market Operators duly registered by SEC are eligible to be paid brokerage fee/receiving agents’ commission and such Operators shall not pay or offer a percentage of the commission earned from services provided in transaction as an incentive […]
DownloadThe National Pension Commission (PenCom), in furtherance of its mandate is desirous of implementing some of its projects under the 2019 fiscal
Read MoreThe National Pension Commission (PenCom) in furtherance of its mandate is desirous of implementing some of its projects under the 2019 fiscal year… (download for details)
DownloadThe National Pension Commission (PenCom) is convening a Conference for Directors of Licensed Pension Operators to promote capacity building and institutional strengthening of Pension Operators in order to foster a sound pension industry anchored on good corporate governance that is consistent with international best practices. Details of the conference are as follows: Theme: DRIVING ECONOMIC […]
Read More‘This is to inform all Heads of Human Resources/Training of Licensed Pension Operators that the HR/Trainers forum for the third quarter of the year 2019 is scheduled to hold on Thursday, 12 September, 2019 at the Radisson Hotel Ikeja, 42/44 Isaac John Street, G.R.A, Lagos at 10:00am prompt. All Licensed Pension Operators are advised to […]
Read MoreThe National Pension Commission (PenCom) wishes to inform the general public that it has designed, developed and deployed an Enhanced Contributor Registration System (ECRS). The ECRS is an electronic platform for the submission of requests by Pension Fund Administrators (PFAs) for the registration of contributors and issuance of Personal Identification Numbers (PINs). Consequently, the Commission […]
DownloadThe National Pension Commission (PenCom) has reacted to reports that states operating the Contributory Pension Scheme refused to remit about N3.4 billion pension contributions. Some newspapers had quoted the acting Director-General, PenCom, Aisha Dahir-Umar, as saying some states in the federation refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective […]
Read MoreIn order to inform all stakeholders about the current status of the implementation of the Contributory Pension Scheme in the States of the Federation, please find the detailed status of implementation as at March, 2019 for the North West Zone
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