pension

FG Retirees Owed Pensions Since March 2020 – PenCom

Expanding Coverage of Pension Industry

December 15, 2019 3:06 am

Recently, the National Pension Commission (PenCom) held a workshop in Benin City to brainstorm on and address issues in the pension industry. On the front burners was the way forward in the expansion of coverage of the Contributory Pension Scheme (CPS). Amby Uneze reports

It was a gathering of some key journalists including business editors and senior correspondents of major news media houses as well as the civil society recently in Benin City, Edo State, for PenCom’s 2019 Journalists’ Workshop. The one-day event also gave another opportunity for the National Pension Commission to assemble specialists in the pension industry to …

As Strike Drags On, French Gov To Unveil Pension Plan

December 11, 2019 4:26 pm

The French government will unveil the details of a pension reform plan Wednesday that has already seen workers down tools in anticipation, crippling transport for a week as hundreds of thousands took to the streets in protest.

A speedy resolution appears unlikely, with Prime Minister Edouard Philippe warning Tuesday — the sixth day of an open-ended transport strike — of a lengthy battle ahead as unions vowed not to yield.

The industrial action has paralysed public transport in Paris and disrupted national rail services and grounded many planes.

It is the biggest show of union force since President Emmanuel Macron …

French Government Sticks By Pension Reform As Atrike Bites

December 6, 2019 2:37 pm

The French government on Friday expressed determination to plough ahead with far-reaching pension reforms in the face of the biggest strikes in years, which have brought public transport in much of the country to a standstill.

The strikes, which began Thursday, have seen most high-speed trains cancelled, flights affected and most of the Paris metro shut down in a major challenge to the ambitious reform agenda of President Emmanuel Macron.

The turmoil is expected to continue over the weekend and through until at least Tuesday when unions have called more nationwide protests to follow mass rallies on Thursday that

…

I’ll Comply With Order On Ex-Governor’s Pension -Malami

December 6, 2019 7:22 am

The Attorney General of the Federation and Minister of Justice, Abubakar Malami has promised to comply with order of Federal High Court which directed the recovery of payment to former governors serving or have served as senators and ministers.

The order was made on Wednesday by Justice Oluremi Oguntoyinbo of the Lagos division of the Federal High Court  in a judgment in a suit filed by the Socio-Economic Rights and Accountability Project (SERAP).

SERAP had approached the court for an order of mandamus to compel the Attorney General of the Federation to file action to challenge states’ pension laws for

…

We Don’t Owe Ex-Govs Pension – Niger

December 4, 2019 6:36 am

Following the controversy surrounding the payment of pension to former governors and their deputies, Niger government has said it did not owe pension to its former governors.

The government said it paid what it called severance allowance to the departing political heads.

According to a statement by the Director General of the state pension board, Alhaji Ahmed Tinau Mohammed, beneficiaries of severance allowance are political heads at state and local government levels, which also include former governors and their deputies, local government chairmen, deputies and state legislators and councillors

“The severance allowance is not a recurring perpetual payouts but a

…

Pension For Ex-Governors: The Zamfara Example

December 1, 2019 7:56 am
ZAMFARA State House of Assembly recently took a remarkable decision when it repealed the controversial Pension Law that hitherto entitled ex-governors, their deputies, former House Speakers and their deputies outrageous pensions and other entitlements. The House leader, Farouk Musa Dosara, who presented the Bill, urged his colleagues to consider repealing the obnoxious pension law as a matter of urgency and in the best interest of the state and its citizens. According to him, the package in the pension law for erstwhile political office-holders in the state was selfish and without regard to the hardships of serving and retired civil
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Assets

Pension Fund Assets Hit ₦9.58trn

November 29, 2019 11:36 am

The National Pension Commission (PenCom) yesterday said it has grown pension funds assets  to ₦9.58 trillion as at the end of September 2019.

This is even as the number of registered contributors under the  Contributory Pension Scheme (CPS) has grown to 8.85 million.

The Acting Director General of PenCom, Aisha Dahir-Umar, said this yesterday at a  workshop for Journalists in Benin, adding that the growth, indeed, justifies the commission’s emphasis on the safety of pension funds as the bedrock of sustaining the CPS.

Mrs Dahir-Umar also assured all stakeholders that the pension reform was steadily on course.

She said: …

PenOp: Pension Transfer Window Takes Off June 2020

PenOp: Pension Transfer Window Takes Off June 2020

November 4, 2019 3:40 am

The umbrella body of Pension fund administrators, Pension Fund Operators Association of Nigeria (PenOp), has revealed that the long -awaited pension transfer window will commence in June, 2020.

PenOp, however, said the exercise would depend on the ability of both the pension fund administrators (PFAs) and the regulator, the National Pension Commission(PenCom), to fine-tune issues relating to total cleaning of contributors’ data which had constituted delay to the take-off of the transfer window over the years.

Disclosing this at a one-day seminar organised by PenOp for the National Association of Insurance and Pension Correspondents (NAIPCO), in Lagos, at the weekend, …

Bauchi Gov Constitutes 17-Man Committee On Salary, Pension

Bauchi Gov Constitutes 17-Man Committee On Salary, Pension

October 29, 2019 2:24 pm

The Governor of Bauchi State, Senator Bala Abdulkadir Mohammed, has constituted a 17-man Committee to investigate the reasons for the non-possession of Bank Verification Numbers by 41,448 civil servants and Pensioners in the state.

The Senior Special Assistant on Media to the Governor, Comrade Muktar Gidado, who disclosed this while addressing newsmen at the Government House, Bauchi said, Senator Adamu Ibrahim Gumba will chair the Committee.

Read Also: Gov. Ihedioha promises to pay pension in Imo

Comrade Gidado listed members of the Committee as, the Governor’s Special Adviser on Civil Service, Mr Abdon Dalla Gin, representative of the State Civil …

Gov. Ihedioha promises to pay pension in Imo

Gov. Ihedioha promises to pay pension in Imo

September 25, 2019 10:43 pm

The Imo Governor, Chief Emeka Ihedioha, has restated his administration’s commitment to the implementation of a veritable pension administration in the state.

The governor stated this in a goodwill message at the third quarter consultative forum organised by the National Pension Commission (PenCom) in Owerri on Wednesday.

Ihedioha, represented by his deputy, Mr Gerald Irona, said that his administration was committed to the welfare of pensioners through sustainable payment of pension.

He commended  PenCom for choosing Imo as host state for the forum, adding that it was a veritable way of fulfilling the commission’s constitutional mandate of pension management.…

104-year-old World War II veteran urges FGN to pay pension

104-year-old World War II veteran urges FGN to pay pension

July 6, 2019 12:42 pm
A 104-year-old World War ll Veteran of the Nigerian Army,  Adamo Aduku on Saturday urged the Federal Government of Nigeria to pay his pension.
Aduku was one of those conferred with the Chief of Army Staff World War II Veteran Award at the 2019 Army Day Celebration in Lagos.
While speaking to journalists at the event, he lamented that since he was discharged as a Private from the Nigerian Army in 1957 he was yet to receive his pension.
“I joined the Royal West African Frontier Force in 1942 in Markurdi, Benue State. Trained in Laguna and deployed to India
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Dickson declines signing life pension bill for lawmakers

April 30, 2019 4:11 am

Law will deepen poverty, says group as HURIWA seeks EFCC’s probe 
Bayelsa State Governor, Seriake Dickson has declined signing the bill seeking life pension for former lawmakers as proposed and passed by the state House of Assembly last week.

The bill has caused ripples and attracted condemnation from Bayelsa people, as well as civil society groups, who were planning a showdown with lawmakers.

Commissioner for Information, Daniel Iworiso-Markson, yesterday quoted Dickson as saying that he conveyed the decision to decline assent to the Bill in a letter to Speaker of the House of Assembly.

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