The Pension Transitional Arrangement Directorate (PTAD) has finalised the payment of another instalment of pension arrears of N32,000 increment approved by President Bola Tinubu, in 2024. This is according to a statement by PTAD’s Head of Corporate Communications, Mr Olugbenga Ajayi, in Abuja on Monday. Ajayi said that the latest instalment of N8.6 billion covered…
The Chairman of the House Committee on Pensions, Hussaini Jalo, says plans are underway to amend the Pension Reform Act (PRA), which was last reviewed in 2014. Jalo made the statement at a stakeholders engagement session on the review of the PRA 2014, organised by the House of Representatives Committee on Pensions in Abuja. He…
The National Pension Commission (PenCom) has announced the recovery of ₦1.58 billion from defaulting employers through enhanced enforcement efforts.This information was shared by the Director General of PenCom, Ms Omolola Oloworaran, on Wednesday in Kano during the First Run 2025 Consultative Forum for States and the Federal Capital Territory (FCT). According to her, state remittances…
The Pension Fund Operators Association of Nigeria (PenOp) has assured the National Pension Commission (PenCom) that its members will comply with the recent directive to settle all pension benefits within three working days. The News Agency of Nigeria (NAN) reports that the National Pension Commission has mandated Pension Fund Administrators (PFAs) and Fund Custodians to…
