Pension Reform Act

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WELCOME REMARKS AT THE COMMEMORATIVE DINNER OF THE 10TH ANNIVERSARY OF THE PENSION REFORM IN NIGERIA AT VICTORIA ISLAND, LAGOS ON 30 OCTOBER, 2014

Distinguished Ladies and Gentlemen I am delighted to welcome you to the Commemorative Dinner of the 10th Anniversary of the Pension Reform in Nigeria holding in Lagos. We are highly […]

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WELCOME ADDRESS AT THE CONFERENCE ON PENSION REFORM ACT 2014 ORGANISED BY PENCOM IN LAGOS ON 30 OCTOBER, 2014

Distinguished ladies and gentlemen, on behalf of the Board, Management and Staff of the National Pension Commission (PenCom), I am delighted to welcome all of you to this important conference […]

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WELCOME ADDRESS AT THE STAKEHOLDERS’ SENSITIZATION CONFERENCE ON PENSION REFORM ACT 2014 ORGANISED BY PENCOM IN ENUGU ON 9 JULY, 2015

Distinguished ladies and gentlemen, on behalf of the Board, Management and Staff of the National Pension Commission (PenCom), I welcome all of you to this important Stakeholders’ Sensitization Conference on […]

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WELCOME ADDRESS ON THE OCCASION OF THE INTERACTIVE WORKSHOP FOR HONOURABLE JUSTICES, JUDGES AND SENIOR LEGAL OFFICERS IN ABUJA ON 3-4 OCTOBER, 2013

It is my honour to welcome you, on behalf of the Management of the National Pension Commission, to this very important Interactive Workshop on the Contributory Pension Scheme. You are […]

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WELCOME ADDRESS AT THE OFFICIAL OPENING OF THE SOUTH-WEST ZONAL OFFICE OF THE COMMISSION AT GRA IKEJA, LAGOS ON FRIDAY, 20 SEPTEMBER, 2013

I am greatly honoured to welcome you all to the official opening of the South-West Zonal Office of the Commission which is situated here in Lagos. I am particularly pleased […]

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WELCOME ADDRESS AT THE OFFICIAL OPENING OF THE NORTH-WEST ZONAL OFFICE OF THE COMMISSION IN KANO STATE ON 5 DECEMBER, 2013

I am highly delighted to welcome you all to the official opening of the North-West Zonal Office of the Commission which is situated here in Kano. The Commission is particularly […]

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WELCOME ADDRESS AT THE 2014 WORLD PENSION SUMMIT ‘AFRICA SPECIAL’ ABUJA, NIGERIA

It gives me great pleasure to welcome you to this inaugural World Pension Summit ‘Africa Special’ being hosted here in Abuja. In recognition of the increasing significance of Pension Funds […]

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OPENING REMARKS AT RETIREES’ FORUM FOR EXISTING RETIREES IN THE CONTRIBUTORY PENSION SCHEME

I am indeed delighted to welcome you to this auspicious Forum organized for retirees under the Contributory Pension Scheme (CPS) by the National Pension Commission (PenCom). We consider retirees as […]

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Historical Background

Prior to the enactment of the Pension Reform Act 2004, pension schemes in Nigeria had been bedevilled by many problems. The Public Service operated an unfunded Defined Benefits Scheme and […]

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Signing Into Law Of The pension Reform Act 2014

After 10 years of implementing the pension reforms in Nigeria, the Pension Reform Act 2014 was signed into law to address the challenges faced in the implementation processes. In addition, […]

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Power Of The Commission

The Commission shall have the power to: Formulate, direct and oversee the overall policy on pension matters in Nigeria. Fix the terms and conditions of service including remuneration of the […]

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Functions Of The Commission

The Pension Reform Act 2004 established the National Pension Commission (PenCom) as the body to regulate, supervise and ensure the effective administration of pension matters in Nigeria.   The functions […]

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Objectives

The main objectives and features of the Pension Reform Act 2004 are: To ensure that every person who worked in either the Public Service of the Federation, Federal Capital Territory […]

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Mission

PenCom exists for the effective regulation and supervision of the Nigerian Pension Industry to ensure that retirement benefits are paid as and when due.

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Vision

To be an efficient regulator that promotes a resilient and sustainable Pension Industry delivering positive and measurable impact for contributors and the economy.

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