The provisions of the Pension Reform Act 2014 (PRA 2014) applies to all employees in the Public Service of the Federation, Federal Capital Territory, States and Local Governments and the Private Sector Organizations in which there are three or more employees. However, Section 2(3) of the Act provides that employees of organizations with less than […]
DownloadSection 2(3) of the Pension Reform Act, 2014 (PRA 2014) provides that employees of organizations with less than three employees as well as the self-employed persons shall be entitled to participate in the Contributory Pension Scheme in accordance with Guidelines issued by the Commission.
DownloadFollowing the implementation of the Circular ref. PENCOM/INSP/CIR/SURV/17/22 of 16 November, 2017 on Withdrawal of Voluntary Contributions
DownloadThis is to inform all Pension Fund Administrators that henceforth all requests for approvals
DownloadFollowing the recent implementation of the revised Template for Programmed Withdrawal as a mode of accessing retirement benefits under the Contributory Pension Scheme, the Commission has received complaints from several quarters indicating concerns against the new Template
DownloadRe:Implementation Guidelines on Retirement Savings Account (RSA) Multi-Fund Structure (Addendum).
DownloadPlease, recall that the Multi Fund Structure for Retirement Savings Account (RSA) is expected to be effective from Monday, 2nd July, 2018.
DownloadAccordingly, the Commission wishes to notify Licensed Pension Fund Operators and other Stakeholders, of a revised fees structure for the Pension Industry, as follows:
DownloadThese regulations, which are considered the applicable minimum, have been put in place for the purpose of establishing uniform set of rules of general application, procedures, regulations and standards in relation to the application of the relevant sections of the Pension Reform Act 2004 (PRA) by pension fund operators in the administration of retirement and […]
DownloadPursuant to its role as specified in Section 97 of the Pension Reform Act 2004, the National Pension Commission(PenCom) hereby sets out the minimum qualification requirements for appointments to the Board and Top Management positions of licensed Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs).
DownloadThe following are the ICT guidelines serving as a minimum IT requirements for licensed Pension Fund Administrators in Nigeria. The key objective is to midwife a system that is robust, efficient and transparent in its entirety, based on principles required to assure the success of the Defined Contribution Pension System.
DownloadThis Fund Accounting Guideline is for the regulatory reporting of the financial statements of Pension Funds
DownloadThe Commission’s attention has been drawn to the clamouring for enhancement of pension given the appreciable growth in the Retirement Savings Account (RSA). Pursuant to the above, this framework therefore sets out the modalities for enhancement of the pension of retirees on PW under CPS based on increased earnings on investment.
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