The National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) have introduced tough new measures to force employers into complying with pension and insurance laws. Both regulators now require insurance companies to only work with employers that comply with pension deductions and employee life insurance contributions. In a joint circular issued on Wednesday, PenCom …
The National Pension Commission (PenCom) has introduced fresh guidelines on foreign currency (FCY) pension contributions, creating new opportunities for Nigerians at home and abroad under the Contributory Pension Scheme (CPS). Announcing the initiative in Abuja on Wednesday, PenCom’s Director-General, Omolola Oloworaran, described it as part of the ongoing “Pension Revolution 2.0” aimed at raising standards …
The National Pension Commission (PenCom) has reassured retired officers of the Nigeria Police Force of the Federal Government’s commitment to addressing their pension concerns and improving living conditions. Federal Commissioner, Inspectorate Department of PenCom, Chief Sam Chigozie Uwandu, gave the assurance during his maiden official visit to police retirees in Enugu State. Uwandu revealed that …
In a move to reset strained relations and address deep-rooted issues in Nigeria’s pension administration, the Director General of the National Pension Commission (PenCom), Mrs Omolola Oloworaran, paid a courtesy visit to the President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero, at the Labour House in Abuja. The meeting, which took place recently, …
By Esther Ososanya President Bola Ahmed Tinubu has directed the immediate rollout of free healthcare for low-income retirees under the Contributory Pension Scheme (CPS). He described the initiative as a vital part of his administration’s plan to protect vulnerable citizens and uphold dignity in retirement. The President gave the order after receiving a detailed …
