News & Events

News & Events

PRESS RELEASE – AUTOMATION OF ANNUAL PRE-RETIREMENT VERIFICATION AND ENROLMENT EXERCISE FOR RETIREES/PROSPECTIVE RETIREES OF FEDERAL GOVERNMENT TREASURY-FUNDED MINISTRIES, DEPARTMENTS AND AGENCIES (MDAs)

The National Pension Commission (PenCom) has developed an online application which will automate the Annual Pre-Retirement Verification and Enrolment Exercise. The Application has the capabilities to register, verify and enroll prospective retirees of Treasury-funded Federal Government MDAs. Accordingly, the online Enrolment Application would be hosted on PenCom website www.pencom.gov.ng….(Download for details)

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PRESS RELEASE. (PRESIDENTIAL APPROVAL FOR PAYMENT OF OUTSTANDING PENSION LIABILITIES UNDER THE CONTRIBUTORY PENSION SCHEME )

The National Pension Commission (PenCom) is pleased to inform all its stakeholders, particularly retirees of Treasury-funded Federal Ministries, Departments and Agencies (MDAs), that His Excellency, President Muhammadu Buhari, GCFR, has approved PenCom’s submission on the payment of some critical aspects of the outstanding pension liabilities of the Federal Government under the Contributory Pension Scheme. Specifically, […]

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NOTICE TO ALL EMPLOYERS/EMPLOYEES RE: COMPLIANCE WITH PRA 2014 ON GROUP LIFE INSURANCE POLICY FOR EMPLOYEES AND DISPLAY OF INSURANCE CERTIFICATE FOR 2021

In accordance with the provisions of Section 4(5) of the Pension Reform Act (PRA) 2014, every employer shall maintain a Group Life Insurance Policy (GLIP) in favour of all employees. The GLIP should be a minimum of three times the annual total emolument of the employees. Similarly, Section 5.5 of the Revised Guidelines on GLIP […]

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Status of Implementation of the CPS in states as at March, 2021

Please download media to view status of implementation of the CPS in the 36 States of the federation

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Status of Implementation of the CPS in states as at December, 2020

Please download the file to view status of implementation of the CPS in the 36 States as at December, 2020

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EXPRESSION OF INTEREST (EOI), NOVEMBER 2020

The National Pension Commission (PenCom) in compliance with the Public Procurement Act, 2007, is hereby inviting reputable experienced and interested consultants to submit Expression of Interest (EOI) for the provision of the under listed services: (Download for details)

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INVITATION FOR TENDER (GOODS), NOVEMBER 2020

The National Pension Commission (PenCom) in compliance with the Public Procurement Act, 2007, is hereby inviting reputable experienced and interested suppliers to submit tenders for the under-listed projects/Goods: (Download for details)

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STATUS OF IMPLEMENTATION OF CPS IN STATES AS AT SEPTEMBER, 2020

Please download for information on level of implementation of the Contributory Pension Scheme by the 36 states of the Federation as at September, 2020.

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Publication of 2019 Annual Report

Please be informed that the Commission’s 2019 Annual Report has been published on the website. To read the report, please click on Publications tab and search for 2019 annual report under “annual reports”, on the home page Thank you.

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THE PROVISIONS OF THE PENSION REFORM ACT 2014 GOVERNING APPOINTMENTS TO THE BOARD OF THE NATIONAL PENSION COMMISSION

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 […]

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New Guidelines and Regulations Have been published on the Website

The 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 – […]

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FG RELEASES N14.92bn FOR ACCRUED RIGHTS FOR CPS RETIREES

The 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) […]

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New Edition of Frequently Asked Questions on the Contributory Pension Scheme Published.

The 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 […]

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STATUS OF IMPLEMENTATION OF CPS IN STATES AS AT FEBRUARY, 2020

Please 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)

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