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248,000 retirees earn N9.36b monthly pensions under CPS, says PenCom

248,000 retirees earn N9.36b monthly pensions under CPS, says PenCom

Over 248,000 retirees haveĀ  begun reaping the benefits of the Contributory Pension Scheme (CPS), taking home over N9.360 billion pensions monthly, just as the pension industry has accumulated over N8.73 trillion worth of assets as at December 31, 2018. While 194,000 retirees earn an average pension of N6.56 billion under Programmed Withdrawal, 54,000 of them […] …

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