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OUTSTANDING PENSION CONTRIBUTIONS IN THE ACCOUNTS OF PENSION FUND ADMINISTRATORS (PFAs)

The Pension Reform Act 2014 (PRA 2014) mandates employers with three or more employees to remit pension contributions into the Retirement Savings Accounts (RSAs) of their employees with Pension Fund Administrators (PFAs). The PRA 2014 further mandates employers to remit the pension contributions of their employees who are yet to open RSAs into nominal RSAs with any PFA chosen at the employers’ discretion.

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PRESS RELEASE!!! – NOTICE OF COMMENCEMENT OF THE 2022 ONLINE VERIFICATION AND ENROLMENT EXERCISE FOR RETIREES/PROSPECTIVE RETIREES OF FEDERAL GOVERNMENT TREASURY- FUNDED MINISTRIES, DEPARTMENTS AND AGENCIES (MDAS)

The National Pension Commission (PenCom) wishes to inform the general public that the 2022 online Verification and Enrolment Exercise for retirees/prospective retirees of Federal Government Treasury-Funded Ministries, Departments and Agencies […]

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PRESS RELEASE: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement

The National Pension Commission (PenCom) is pleased to inform all stakeholders and the general public that as at 27 April 2022, all Pension Fund Administrators (PFAs) have complied with the […]

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