Ekiti State Pays 1st Batch of Retirees under CPS, plans to implement VC for Exempted Employees
National Pension Commission (PenCom) has provided an update on the payment of retirement benefits by Ekiti State Government in its 3rd quarter 2022 report for the pension industry.
PenCom said the Ekiti State Government on 4 August 2022, issued retirement bond certificates totalling ₦18.84 million in favour of thirty (30) beneficiaries. The beneficiaries are the State’s first batch of retirees under the Contributory Pension Scheme (CPS).
PenCom also disclosed that the Ekiti State Pension Commission (ESPC), via a letter of 24 August 2022, informed PenCom of its intention to implement a Voluntary Contributions (VC) arrangement under the Contributory Pension Scheme (CPS) for both mandatory and exempted employees of the State. The State subsequently forwarded a draft VC Guidelines to PenCom for review. The Guideline is being reviewed by the States Operations Department and Benefits and Insurance Department of PenCom.
PenCom further disclosed that it received a copy of the amended Ekiti State Pension Reform Law 2022, on 5 September 2022, the Law has been reviewed from both the operational and legal perspectives and forwarded to the State.
Check below for PensionNigeria breakdown of all the important aspects of the PenCom 3rd Quarter 2022 Report
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DONT MISS our 3rd Quarter 2022 Report Series
Director General’s Remarks on PenCom 3rd Quarter 2022 Report
Analysis of Pension Operating Environment 3rd Quarter 2022
Appointment & Resignation of Pension Operators’ Board Members and Top Management Q3 2022
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Update on NSITF & Refund of Pension Contribution to Military & SSS Q3 2022
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Kaduna State is not fully Implementing Contributory Pension Scheme but seeks PFAs to invest Pension Funds in Kaduna State Bonds
Ekiti State Pays 1st Batch of Retirees under CPS, plans to implement VC for Exempted Employees
Zamfara State exited CPS & PenCom has refund their Pension Contributions but Retirees are still not better off
Update on Benue & Bauchi State Pension Reform Laws
PenCom Engagements with 5 States on Implementation of Contributory Pension Scheme
Update on RSA Transfer System (RTS) 3rd Quarter 2022
Micro Pension Registrations per PFA & Fastest Growing PFAs as at 30 September 2022
Micro Pension Contributions received per PFA Q3 2022
Update on the Micro Pension Plan Q3 2022
List of Organisations Issued Compliance Certificates as at 30 September 2022
Total RSA Registration as at 30 September 2022
Status of Contributory Pension Assets as at September 2022
Biggest PFAs & Fastest Growing PFAs by RSA Registrations 30 September 2022
RSA Registration Age and Gender Breakdown for Q3 2022
PenCom approved over N1.66 Trillion for PFAs to pay RSA Holders as at Q3 2022
Status of Implementation of CPS in States as at 30 September 2022
Also Check out
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