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Pension fund assets increased to N21.92trn in October, says PenCom DG

Pension fund assets increased to N21.92trn in October, says PenCom DG

Pension fund assets increased to N21.92trn in October, says PenCom DG

December 12, 2024

Payment of pension backlog begins next week, says Wale Edun

Payment of pension backlog begins next week, says Wale Edun

Business

Payment of pension backlog begins next week, says Wale Edun

byRahmotullah Lawal

November 12, 2024

'SEC lacks rules' -- PenCom asks licensed PFAs to suspend investment in commercial papers

'SEC lacks rules' -- PenCom asks licensed PFAs to suspend investment in commercial papers

Business

Pension Insight: Pencom holds consultative forum for state pension bureaus

September 27, 2024

Low-earning pensioners can withdraw entire retirement savings, says PenCom

Low-earning pensioners can withdraw entire retirement savings, says PenCom

Business

PenCom to retirees: Outstanding pension liabilities will be paid soon

September 17, 2024

Oshodi Johnson, the Uyo zonal director of EFCC and leaders of the Nigeria Union of Pensioners

Oshodi Johnson, the Uyo zonal director of EFCC and leaders of the Nigeria Union of Pensioners

The Nation

EFCC vows to clamp down on pension fraudsters

byAyomikunle Daramola

August 27, 2024

A jar of coins labelled Pension

A jar of coins labelled Pension

The Nation

Some retirees receive as low as N500 monthly pension, says NUP

byJanefrances Chibundu

August 18, 2024

PenCom commences online enrolment exercise for prospective retirees The National Pension Commission (PenCom) says it has commenced the online verification and enrolment exercise for prospective retirees in ministries, departments and agencies (MDAs) of the federal government. The commission said the exercise is for those who are due to retire in 2025. Omolola Oloworaran, acting director-general (DG), PenCom, spoke at a workshop on the online enrolment application for pension desk officers (PDOs) of treasury-funded ministries, departments and agencies (MDA) of the federal government, on Monday in Abuja. Oloworaran said the commission is working effortlessly to ensure that challenges such as application downtimes are resolved. She also said a new and more efficient enrolment application that will provide a user-friendly and seamless experience for users has been developed. “At the National Pension Commission (PenCom), we hold firmly to our statutory responsibility of ensuring a seamless pre-retirement verification and enrolment process for employees of federal government treasury-funded MDAs,” Oloworaran said “Each year, we embark on this exercise to gather accurate data for determining the Accrued Pension Rights of prospective retirees, so that the federal government can make the necessary budgetary provisions. “Today’s session is not just a routine gathering; it is part of PenCom’s commitment to building the capacity of stakeholders, specifically you, the Pension Desk Officers, whose roles are indispensable in this process. “This workshop aims to equip you with the skills and knowledge needed to effectively use the application and address any challenges that arise during the enrolment process. “We are also here to confront the issues of the past head-on.” 'THERE WERE GAPS IN PREVIOUS ENROLMENT' She further said in previous enrolment exercises, gaps and challenges were observed. The PenCom DG added that the workshop will provide practical solutions and clarity on the modalities for the upcoming 2025 enrollment. “We understand that some challenges, like application downtimes, have occasionally hindered the process, particularly during last-minute rushes,” she said. “I am pleased to inform you that we are actively working on developing a new, more efficient enrolment application that will provide a user-friendly and seamless experience for all stakeholders." Oloworaran also reassured that the commission is committed to continuously improving service delivery across the pension industry. The PenCom boss said despite some setbacks, including delays in the release of funds for retirees’ accrued rights, she’s confident that these issues will soon be resolved. “Today is not just about resolving technical issues; it is also about reaffirming our shared responsibility to Nigeria’s retirees, who deserve timely and seamless access to their benefits,” she added. Oloworaran also said significant progress has been made by all critical stakeholders to clear the outstanding pension liabilities and put in place long-term solutions that will prevent future delays in funding.

PenCom commences online enrolment exercise for prospective retirees The National Pension Commission (PenCom) says it has commenced the online verification and enrolment exercise for prospective retirees in ministries, departments and agencies (MDAs) of the federal government. The commission said the exercise is for those who are due to retire in 2025. Omolola Oloworaran, acting director-general (DG), PenCom, spoke at a workshop on the online enrolment application for pension desk officers (PDOs) of treasury-funded ministries, departments and agencies (MDA) of the federal government, on Monday in Abuja. Oloworaran said the commission is working effortlessly to ensure that challenges such as application downtimes are resolved. She also said a new and more efficient enrolment application that will provide a user-friendly and seamless experience for users has been developed. “At the National Pension Commission (PenCom), we hold firmly to our statutory responsibility of ensuring a seamless pre-retirement verification and enrolment process for employees of federal government treasury-funded MDAs,” Oloworaran said “Each year, we embark on this exercise to gather accurate data for determining the Accrued Pension Rights of prospective retirees, so that the federal government can make the necessary budgetary provisions. “Today’s session is not just a routine gathering; it is part of PenCom’s commitment to building the capacity of stakeholders, specifically you, the Pension Desk Officers, whose roles are indispensable in this process. “This workshop aims to equip you with the skills and knowledge needed to effectively use the application and address any challenges that arise during the enrolment process. “We are also here to confront the issues of the past head-on.” 'THERE WERE GAPS IN PREVIOUS ENROLMENT' She further said in previous enrolment exercises, gaps and challenges were observed. The PenCom DG added that the workshop will provide practical solutions and clarity on the modalities for the upcoming 2025 enrollment. “We understand that some challenges, like application downtimes, have occasionally hindered the process, particularly during last-minute rushes,” she said. “I am pleased to inform you that we are actively working on developing a new, more efficient enrolment application that will provide a user-friendly and seamless experience for all stakeholders." Oloworaran also reassured that the commission is committed to continuously improving service delivery across the pension industry. The PenCom boss said despite some setbacks, including delays in the release of funds for retirees’ accrued rights, she’s confident that these issues will soon be resolved. “Today is not just about resolving technical issues; it is also about reaffirming our shared responsibility to Nigeria’s retirees, who deserve timely and seamless access to their benefits,” she added. Oloworaran also said significant progress has been made by all critical stakeholders to clear the outstanding pension liabilities and put in place long-term solutions that will prevent future delays in funding.

Business

Pension Insight: PenCom enhances voluntary contribution processes to address concerns, encourage participation

byThe Explainer

July 11, 2024

PenCom office

PenCom office

Pension Insight: What workers should do for a rewarding retirement

June 6, 2024

Pension Insight: PenCom’s framework simplifies pension consumers’ complaints resolution

byThe Explainer

May 30, 2024

PenCom: We're building a system that secures workers' future, protects retirees' legacy

PenCom: We're building a system that secures workers' future, protects retirees' legacy

Pension Insight: PenCom issues consumer protection framework (part 3)

byThe Explainer

May 24, 2024

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