Updates

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

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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 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”.

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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

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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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