Updates

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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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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Disclaimer – ‘PenCom Recruitment 2020/2021

The 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 […]

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DIRECTIVE TO LICENSED PENSION FUND OPERATORS ON SHARING AND TREATMENT OF BROKERAGE COMMISSION ON ALL BOND TRANSACTIONS

The 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 […]

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2019 Conference for Directors of Licensed Pension Operators

The 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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FORUM FOR HEADS OF HUMAN RESOURCES/TRAINING OFFICERS OF LICENSED PENSION OPERATORS

‘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 […]

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PenCom Debunks Reports Of Non-remittance Of 3.4bn Pension Funds By States

The 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 […]

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NOTICE OF THE PRE-RETIREMENT VERIFICATION AND ENROLMENT OF EMPLOYEES OF THE FEDERAL GOVERNMENT TREASURY FUNDED MINISTRIES, DEPARTMENTS AND AGENCIES (MDAs), DUE FOR RETIREMENT BETWEEN JANUARY AND DECEMBER 2020

This is to inform all employees of Treasury Funded MDAs of the Federal Government, that the National Pension Commission (PenCom) is organizing a nationwide preretirement verification and enrolment exercise commencing from 1 July to 2 August, 2019. The exercise is for employees in the service of the Federal Government Treasury Funded MDAs, who are due […]

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NOTICE OF PRE-RETIREMENT WORKSHOP FOR PROSPECTIVE RETIREES IN THE CONTRIBUTORY PENSION SCHEME

This is to inform all employees of Federal Government Ministries, Departments and Agencies (MDAs) due for retirement between January and December 2020 under the Contributory Pension Scheme (CPS) the the National Pension Commission (PenCom) is organising the nationwide 2019 Pre-Retirement Workshop. The Workshop is scheduled to hold from 17 to 25 June, 2019.

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NOTICE OF MEETING – FORUM FOR HEADS OF HUMAN RESOURCES/TRAINING OF LICENSED PENSION OPERATORS

‘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 […]

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