National Pension Commission

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National Pension Commission (PenCom) is the Nigerian body charged with the security and management of pension fund assets. [1]

Contents

Establishment

Following the introduction of the Pensions Act 2004 which introduced the Contributory Pension Scheme (CPS), it became statutory for employers and employees in both the public and private sectors to contribute towards the retirement of employees. [1]

History

Controversy

See also

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References

  1. 1 2 PricewaterhouseCoopers. "The Nigerian Pension Industry: Securing the Future". PwC. Retrieved 2023-02-18.
  2. "PENCOM To Introduce Micro Pension Scheme | Sahara Reporters". saharareporters.com. Retrieved 2023-02-18.
  3. Daniels, Ajiri (2019-01-15). "Pension funds hit N8.45trn –FG". The Sun Nigeria. Retrieved 2023-02-18.
  4. Online, Tribune (2022-01-17). "N13trn pension assets invested in Nigerian economy, says PenCom". Tribune Online. Retrieved 2023-02-18.
  5. Ukpe, William (2022-01-15). "Pension: PenCom automates pre-retirement verification and enrolment exercise". Nairametrics. Retrieved 2023-02-18.
  6. Adegboyega, Ayodeji (2023-01-06). "FG released N13.89bn pension for 2022 retirees - PenCom". Premium Times Nigeria. Retrieved 2023-02-18.
  7. "No Official Earns N1m Monthly—PenCom Cries Out | Business Post Nigeria". 2022-09-19. Retrieved 2023-02-18.
  8. Adegboyega, Ayodeji (2023-01-23). "Senators, PenCom disagree on Police exclusion from pension scheme". Premium Times Nigeria. Retrieved 2023-02-18.