Tag: Pension
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FG set to clear all outstanding pension liabilities
The National Pension Commission (PenCom) on Tuesday in Lagos State assured that all outstanding pension liabilities would be paid soon.
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Tinubu raises Armed Forces pension by 20%
The Chief of Naval Staff (CNS), Vice Adm. Emmanuel Ogalla, on Thursday, said that President Bola Tinubu had approved the implementation of 20 per cent increase in pension for the Armed Forces personnel.
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Police and contributory pension scheme – By Ikechukwu Amaechi
The Senate, on July 4, 2024, passed for a second reading a bill that seeks to remove police retirees from the Contributory Pension Scheme (CPS). Promoters of the bill, which seeks, among other things, to replace the Nigeria Police Force Pensions Limited (NPF Pensions), the pension fund administrator (PFA) charged with the exclusive administration of…
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Ex-NAICOM boss denies FG tampered with pension funds
Mr Olorundare Thomas, the immediate past Chief Executive Officer, National Insurance Commission (NAICOM), says the Federal Government has not borrowed from the accumulated pension funds.
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Some pensioners still earn N4,000 monthly – NLC
The Nigeria Labour Congress (NLC), Borno State chapter, has said that some retirees in the state were still being paid N4,000 monthly as pension. The NLC Chairman, Mr Yusuf Inuwa, said this in an address to mark the 2024 May Day celebration, on Wednesday in Maiduguri.
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Mutfwang inherited N4.6bn salaries, pension arrears in LGAs – Commissioner
The Plateau Ministry for Local Government and Chieftaincy Affairs, says that the Gov. Caleb Mutfwang-led administration inherited N4.6 billion salary and pension arrears from the previous administration. Mr Ephraims Usman, Commissioner for Local Government and Chieftaincy Affairs, made the disclosure
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Abia repeal of life pensions for ex-govs, deputies: Matters arising (2) – By Ehichioya Ezomon
While most Nigerians still clink wine glasses in toast to Abia State Governor Alex Otti for belling the monstrous cat of life pensions for former governors and deputy governors, three Abia ex-governors have punctuated Dr Otti’s enviable limelight, by denying drawing pensions, and the accompanying perquisites of office.
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Pension fund hits N19.53 trillion
The pension fund assets has appreciated by N1.17 trillion to N19.53 trillion as at Jan. 31, as against N18.36 trillion recorded in Dec. 31, 2023.
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FG reiterates commitment to clear outstanding pension arrears
The Federal Government has restated its commitment to releasing funds to clear outstanding pension arrears.
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Pension asset hits N16.7 trillion – PenCom
The National Pension Commission (PenCOM) says its Pension Asset Under Management so far stands at an impressive N16.76 trillion.