Tag: Retirement Benefits

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The National Pension Commission (PenCom) has strengthened its collaboration with the judiciary to advance pension reforms and improve retirement benefits administration across Nigeria. At a sensitisation workshop on the Contributory Pension Scheme (CPS) for judges of the National Industrial Court of Nigeria (NICN) in Abuja, PenCom Director-General Omolola Oloworaran, represented by Mr. Bello Malabu, said …

The Pension Transitional Arrangement Directorate (PTAD) has received Presidential approval to include key pension initiatives in the 2026 budget proposal, aiming to improve welfare for Defined Benefit Scheme (DBS) pensioners. The approved items include: Full implementation of the N32,000 pension increment Settlement of unfunded pension liabilities Proposed pension harmonisation policy Health insurance coverage for DBS …

  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 …

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