PenCom Will Strengthen State Partnerships to Protect Retirees – DG
By Oluwakemi Kindness The Director-General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, has reaffirm the Commission’s readiness to strengthen partnerships with state governments in order to safeguard the welfare of pensioners across Nigeria. She made this known while receiving the Executive Governor of Kogi State, Ahmed Usman-Ododo, who paid her a courtesy visit […]
PenCom Plans 75% Salary Pensions, Health Cover for Retired Police
By Oluwakemi Kindness The National Pension Commission (PenCom) has unveiled plans to raise police pensions to 75 per cent of an officer’s final salary before retirement and introduce a health insurance scheme for retired officers, as part of sweeping reforms to the Contributory Pension Scheme (CPS). PenCom’s Director General, Ms Omolola Oloworaran, disclosed the measures […]
Tinubu Orders Immediate Free Healthcare for Low-Income Retirees
By Oluwakemi Kindness President Bola Tinubu has ordered the immediate implementation of the free healthcare access programme for low-income retirees under the Contributory Pension Scheme (CPS). He describes it as a cornerstone of his administration’s social protection agenda and a vital step in safeguarding the dignity of senior citizens. The President also direct the prompt […]
PenCom Tasks Fund Operators’ Vendors to Enforce PRA 2014
By Oluwakemi Kindness The National Pension Commission (PenCom) has issued a new directive to all Licensed Pension Fund Operators (LPFOs), comprising Pension Fund Administrators PFAs) and Pension Fund Custodians (PFCs). The directive prohibits transacting with service providers and vendors that do not remit pensions for their employees as evidenced by a Pension Clearance Certificate issued […]
PenCom Unveils New System To End Cases Of Uncredited Pension Contributions
Oluwakemi Kindness The National Pension Commission (PenCom) has officially launched its new Pension Contribution Remittance System, a platform designed to optimize the process of remitting pension contributions into employees’ Retirement Savings Accounts (RSAs). This system, developed in collaboration with the Pension Operators’ Association of Nigeria (PenOp), has deployed approved Payment Solution Service Providers (PSSPs) […]
PenCom Tasks States On Implementation of CPS
Oluwakemi Kindness The National Pension Commission (PenCom) has called on all states and local governments to implement the Contributory Pension Scheme (CPS) for a pension-secure Nigeria. This is as the Commission urges Akwa Ibom, Borno, Kwara, Plateau, Cross River, and Yobe States to commence implementation of the Contributory Pension Scheme CPS in their states. […]
PenCom Eases Benefit Payments Process For Retirees
Oluwakemi Kindness The National Pension Commission (PenCom) says effective from 1st June 2025, Pension Fund Administrators (PFAs) would no longer be required to seek approval or obtain a “No Objection” from the Commission before processing and disbursing benefits, including Programmed Withdrawal, Retiree Life Annuity, and Temporary Loss of Employment benefits, among others. PenCom, however, noted […]
Yobe State Government Seeks PenCom Support towards Pension Reform
Oluwakemi Kindness Yobe State Government has expressed its readiness to collaborate with the National Pension Commission (PenCom) in implementing the Contributory Pension Scheme (CPS) in the state. The Governor, Mai Mala Buni, disclosed this in Abuja at the weekend during a meeting with the Director General of PenCom, Omolola Oloworaran in Abuja, where discussions focused […]
PenCom Lifts Restriction On LPFAs Investing In Commercial Papers
By Oluwakemi Kindness The National Pension Commission (PenCom) has lifted restriction on Licensed Pension Fund Administrators (LPFAs) investing in commercial papers where capital market operators act as Issuing and Paying Agents (IPAs). PenCom announced the decision in a Circular issued on Tuesday and signed by the management of PenCom led by Omolola Oloworaran as Director-General. […]