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Tag "CPS"

Pension Insight: Sustainability, savings culture and other innovations of CPS

    Pension Insight: Sustainability, savings culture and other innovations of CPS

In the ever-evolving landscape of Nigeria’s economic and social policies, few reforms hold as much promise and significance as the transition from the old defined benefits scheme (DBS) to the

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PenCom to employers: Use of touts, agents to obtain pension clearance certificate illegal

    PenCom to employers: Use of touts, agents to obtain pension clearance certificate illegal

The National Pension Commission (PenCom) says it is illegal for employers and companies to use touts and agents to obtain pension clearance certificates (PCC). In a statement issued on Friday,

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PenCom: Pension assets hit N16trn — up by 17% in six months

    PenCom: Pension assets hit N16trn — up by 17% in six months

The National Pension Commission (PenCom) says pension assets increased to N16.76 trillion within the half-year period (six months) that ended in June 2023. The assets increased by 17.4 percent (N2.49

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Pension Insight: Contributory pension scheme — workers’ guide to preparing for retirement

    Pension Insight: Contributory pension scheme — workers’ guide to preparing for retirement

As the Nigerian workforce continues to grow and evolve, so does the importance of adequate preparation for retirement. For workers enrolled in the Contributory Pension Scheme (CPS), the key to

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PenCom: Over N384m pension recovered from defaulting employers in Q1 2023

  PenCom: Over N384m pension recovered from defaulting employers in Q1 2023

The National Pension Commission (PenCom) says it recovered N384.28 million as pension contributions owed workers by defaulting employers in the

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PenCom Insight: Safety of your pension savings under CPS and role of PFCs

  PenCom Insight: Safety of your pension savings under CPS and role of PFCs

The Pension Reform Act (PRA), 2004, which introduced the contributory pension scheme (CPS) for public and private sector employees, was

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‘Increase employer’s 10% contribution, pay additional benefits’ — PenCom lists ways to boost retirement earnings

  ‘Increase employer’s 10% contribution, pay additional benefits’ — PenCom lists ways to boost retirement earnings

The National Pension Commission (PenCom) has listed ways that retirement benefits can be increased for employees in private and public

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