PRESIDENT Muhammadu Buhari has assured Nigerians that his administration was working hard to sanitize the rot it met in the pension system in 2015.
Continue reading FG to sanitize pension system, resolve pending payments —Buhari at Vanguard News Nigeria. …
Pension
Buhari launches pension scheme for workers in informal sector
Registered workers on pension scheme hit 8.4m in Q4, 2018 -NBS
The National Bureau of Statistics (NBS), said the number of registered workers under the pension scheme in the fourth quarter, 2018 hit 8,410,184 compared to 8,136,202 registered workers in the second quarter, 2018.
Continue reading Registered workers on pension scheme hit 8.4m in Q4, 2018 -NBS at Vanguard News Nigeria. …
Pension assets rise by 15% to N8.6trn
THE Pension Fund Assets rose by 15 percent to N8.6 trillion as at end December 2018 from N7.5 trillion recorded in the corresponding period of 2017. Vanguard analysis of the recent Pension Asset and Membership Data from the National Bureau of Statistics (NBS) showed that in 2018, the Pension Fund Asset under Management stood at N8.6 billion.
Continue reading Pension assets rise by 15% to N8.6trn at Vanguard News Nigeria. …
24 states enact CPS
State governments made considerable progress in the level of implementation of the Contributory Pension Scheme (CPS) in the third quarter of 2018, as 24 states enacted relevant laws affecting workers pension, a report has shown. The report is titled: Draft Third Quarter Report: Update on Implementation by the State Governments” by the National Pension Commission […] …
Social Security expansion to get serious hearing in U.S. House
Until the last few years, all Washington could talk about was how to cut Social Security benefits, and by how much. But a grass-roots progressive coalition began campaigning for expansion in 2013, and the idea has since moved straight to the heart of the Democratic Party. That was evident this week when U.S. Representative John […] …
PTAD chief wins Africa personality award
The Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), Barr. Sharon Ikeazor, has been announced the winner of this year’s Africa Pension Personality of the year, CEO Leadership Category, Gold Awards. A statement by the Directorate stated that other institutions nominated for the award include the Government Pensions Administration Agency (GPAA), South Africa, Metropolitan Pensions Trust […] …
Pensioners laud Delta governor, Okowa, on payment of pension arrears
Delta State pensioners have hailed Governor Ifeanyi Okowa for his continued effort in improving the payment of pensions, and clearing the backlog of unpaid salaries, which he inherited from the previous administration. According to the Chairman, Delta State Bureau of State Pension (DBSP), Mr. Tony Obuh, the governor has left no one in doubt on […]
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Pension jargon took me 10 years to unravel
David Mitchell wanted plain English answers but was met with 10 years of confusing jargon. Years of flattering fund reports from Prudential convinced David Mitchell, 69, that he was due a fair-sized pension. When it didn’t materialise, he launched a decade-long campaign for answers in plain English. But experts say financial firms are still bamboozling […] …
Maritime retirees protest ‘non-payment’ of pension
Pensioners of the defunct Nigeria National Shipping Line (NNSL) have protested the non-payment of their pension arrears by the Pension Transitional Arrangement Directorate (PTAD) since last April. Their protest, they said, was to draw attention to their suffering because of the non-payment of their accumulated arrears. Their President, Comrade Patrick Azu Ogobuegwu, who addressed the protesters […] …