“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”.
Read MorePLEASE 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
Read MorePlease download for information on level of implementation of the Contributory Pension Scheme by the 36 states of the Federation as at September, 2020.
DownloadPlease 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.
Read MoreTHE 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 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) 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 […]
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