19 stories found
The Lagos State Government confirmed it has disbursed N168.2 billion to over 48,000 retirees since 2007, addressing ongoing concerns regarding pension distribution delays.
Nigeria's National Pension Commission (PenCom) is planning dedicated funding for state pension bureaus to improve compliance with the Contributory Pension Scheme nationwide and address low adoption rates.
The Oyo State Government has defended its new Contributory Pension Scheme for workers recruited in 2025, assuring a sustainable and predictable retirement system.
A report indicates that workers under 30 years old are increasingly joining Nigeria's Contributory Pension Scheme, with 44,837 contributors representing 39.03 percent of new sign-ups in Q4 2025.
The NLC chairman in Rivers State has raised concerns over alleged lack of transparency and government's failure to fund the contributory pension scheme, seeking its termination.
Retired police officers in Nigeria have voiced concerns over receiving as little as N1.5 million after 35 years of service, calling for their removal from the Contributory Pension Scheme (PENCOM).
Ogun State in Nigeria has introduced an additional pension benefit, approved by Governor Dapo Abiodun's administration, to address concerns regarding the Contributory Pension Scheme (CPS).
Retirees in Lagos under the Contributory Pension Scheme are threatening to protest if the state government fails to implement a proposed pension increase by August 19.
Nigeria's National Pension Commission (PenCom) has moved to allay unrest among Nigeria Police personnel regarding their participation in the Contributory Pension Scheme (CPS), stating its aim to secure improved retirement benefits and that an exit from the scheme is not needed.
Governor Makinde has approved the commencement of a contributory pension scheme for workers in Oyo State. This decision aims to provide a structured pension plan for the state's employees.
Retired Nigerian policemen are appealing to President Tinubu to sign the Police Exit Bill into law, which would end their participation in the contributory pension scheme. They are pushing for an alternative pension arrangement.
Retired Nigerian police officers are demanding to exit the Contributory Pension Scheme (CPS), sparking a debate on the Police Pension Scheme and issues of low pay.
Ogun State has announced a significant increase in pension benefits for its civil and public service retirees, with the introduction of the Additional Pension Benefit (APB) initiative offering between 116% and 280% of Total Annual Emoluments under the Contributory Pension Scheme.
Teachers in Ogun State, Nigeria, are calling for the abolition of the Contributory Pension Scheme, full implementation of the National Minimum Wage, and other improved welfare packages, including the Teachers' Peculiar Salary Structure.
Oyo State has adopted the Contributory Pension Scheme, setting a new standard for worker security.
Nigeria's PenCom has unveiled a new monitoring platform to ensure states comply with the Contributory Pension Scheme, addressing implementation gaps and securing workers' benefits.
The Nigerian Federal Government has launched PenCare, a free healthcare initiative targeting pensioners aged 60 and above under the Contributory Pension Scheme with monthly pensions up to 70,000.
Hundreds of retired police officers protested at the Presidential Villa, urging President Tinubu to sign the Police Pension Bill to allow them to exit the Contributory Pension Scheme (CPS).
By Rosemary Iwunze The total pension fund assets, under the Contributory Pension Scheme, CPS, maintained its steady rise in January, increasing by 1.9 per cent Month-on-Month, MoM, to N28.04 trillion from N27.5 trillion recorded in December, 2025. According to unaudited report of pension funds industry portfolio for the period ended 31 January 2026, Retirement Savings Account, […] The post Total pension funds assets rise by 1.9% appeared first on Vanguard News.