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Business

CPS: Enhancing Retirement Through Additional Benefits Scheme

In the landscape of Nigeria’s retirement benefits, the true position of the Contributory Pension Scheme (CPS) on gratuity payments has been a subject of...
Business

How PenCom Is Simplifying Access To Residential Mortgages Through Retirement Savings

The Pension Reform Act 2014 (PRA 2014) introduced a crucial innovation by enabling pension contributors to utilise their Retirement Savings Account (RSA) balances for...
Business

How To Apply For 2024 Pension Clearance Certificate

The National Pension Commission (PenCom) issued Pension Clearance Certificates (PCCs) to 30,293 organisations that applied and were confirmed to have complied with the laid...
Business

How PenCom Is Ensuring Safety Of Nigeria’s Pension Funds

Prior to the Pension Reform of 2004, which established the Contributory Pension Scheme (CPS), Pension Administration in Nigeria was fraught with multifarious challenges and...
News

Contributory Pension Scheme: Understanding The Role Of Pension Fund Administrators

The successes attained since the inception of the Contributory Pension Scheme (CPS) in Nigeria are often ascribed to the fundamental structures upon which the...
Business

Empowering Employees: A Guide To Contributors’ Rights Under The CPS

The Pension Reform Act 2014 (PRA 2014) protects employees’ rights, offering crucial protection, compensation, and support throughout their careers and retirement. These rights extend...
Business

Data Recapture Exercise: PenCom Urges RSA Holders To Update Records

The National Pension Commission (PenCom) has mandated that Retirement Savings Account (RSA) holders who are enrolled in the Contributory Pension Scheme (CPS) on or...
Business

Over N672bn Invested In Real Estate Properties, SUKUK, As Pension Funds Boost Infrastructure Financing

Under the Contributory Pension Scheme (CPS), pension funds have emerged as a formidable force in addressing the infrastructure financing gap in Nigeria, providing essential...
Business

PenCom’s Recovery Initiative Reclaims N25.13bn Unremitted Pension Contributions, Penalties

The National Pension Commission (PenCom) plays a crucial role in ensuring the timely remittance of pension contributions and imposing penalties on defaulting employers. From...
Business

PenCom Has Made Life After Retirement Enjoyable For RSA Account Holders -NECA

The Nigeria Employers Consultative Association on Thursday hailed the National Pension Commission for the proactive manner in which the commission is implementing the Pension...
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