Guidelines on Accessing RSA Balance Towards Payment of Equity Contribution for Residential Mortgage by RSA Holders

• September 26, 2022

STATUS OF IMPLEMENTATION OF THE CONTRIBUTORY PENSION SCHEME BY STATES AND THE FCT AS AT END OF THE SECOND QUARTER, 2022

• August 3, 2022

STATUS OF IMPLEMENTATION OF THE CONTRIBUTORY PENSION SCHEME BY STATES AND THE FCT FOR THE FIRST QUARTER OF 2022

• May 10, 2022

The Status of Implementation of the Contributory Pension Scheme by the 36 states of the Federation and the Federal Capital Territory has been uploaded for your information. Please download the files for more insight.

STATUS OF IMPLEMENTATION OF THE CONTRIBUTORY PENSION SCHEME BY STATES AND THE FCT FOR THE FOURTH QUARTER OF 2021

• March 1, 2022

RELEASE OF N48.64 BILLION BY THE FEDERAL GOVERNMENT FOR THE PAYMENT OF ACCRUED PENSION RIGHTS TO 2021 RETIREES OF TREASURY-FUNDED MINISTRIES, DEPARTMENTS AND AGENCIES (MDAS)

• December 29, 2021

“THE COMMISSION IS PLEASED TO ANNOUNCE THE RELEASE OF N48.64 BILLION BY THE FEDERAL GOVERNMENT FOR THE PAYMENT OF ACCRUED PENSION RIGHTS TO 2021 RETIREES OF TREASURY-FUNDED MINISTRIES, DEPARTMENTS AND AGENCIES (MDAS). THE FEDERAL GOVERNMENT HAD EARLIER SETTLED ALL ARREARS OF ACCRUED PENSION RIGHTS PAYMENTS TO THE VERIFIED AND ENROLLED RETIREES UP TO DECEMBER 2020”.

PRESS RELEASE ON ALLEGED BREACH OF THE REGULATIONS ON INVESTMENTS OF PENSION FUND ASSETS IN THE EQUITIES OF FBN HOLDINGS PLC BY LEADWAY PENSURE LTD

• November 22, 2021

• November 9, 2021

PLEASE NOTE THAT THE NON-INTEREST FUND IS PART OF THE MULTI-FUND INVESTMENT STRUCTURE WHICH SEEKS TO PROVIDE INVESTMENT PORTFOLIO CHOICES TO PENSION CONTRIBUTORS AND RETIREES. IT IS NOT A LOAN SCHEME

NOTICE OF EXTENSION OF THE ONLINE VERIFICATION & ENROLMENT EXERCISE

• October 29, 2021

INTRODUCTION OF A NON-INTEREST FUND (FUND VI) AND ISSUANCE OF THE OPERATIONAL FRAMEWORK

• October 28, 2021

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

• October 26, 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.

Publication of 2019 Annual Report

• October 16, 2020

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.

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

• September 30, 2020

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 […]

New Guidelines and Regulations Have been published on the Website

• September 2, 2020

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 – […]

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

• June 29, 2020

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 […]