PenCom approves increase of Monthly Pension for retirees under Contributory Pension Scheme
The National Pension Commission (PenCom) has approved the third increase of monthly pension for retirees on programmed withdrawal under the Contributory Pension Scheme.
THIRD EDITION OF PENSION ENHANCEMENT FOR RETIREES ON PROGRAMMED WITHDRAWAL UNDER THE CONTRIBUTORY PENSION SCHEME
The National Pension Commission (PenCom) is pleased to inform the general public that the third edition of pension enhancement under the Contributory Pension Scheme (CPS) has been approved. The exercise is for existing retirees under Programmed Withdrawal who have accumulated significant growth in their Retirement Savings Accounts (RSAs).
The effective commencement date of the enhancement is February 2023.
All relevant retirees are, by this notice, advised to contact their respective Pension Fund Administrators (PFAs) to complete the required documentation.
Finally, PenCom assures all stakeholders of its commitment to the effective regulation, supervision, and administration of pension matters in Nigeria.
Signed
PenCom Management
20 December 2022
Check out other Publications by National Pension Commission (PenCom) HERE
Support PensionNigeria financially with N1,000 per Month HERE, or with any amount HERE
Empower us to do more independent analysis of the Pension Industry in Nigeria
Subscribe to PensionNigeria Daily News Broadcast on WhatsApp, just send “Subscribe” to 08160052802, PLEASE ensure you also save 08160052802 to your contacts as “PensionNigeria” to enable you receive the PensionNigeria News Broadcast.
Subscribe to PensionNigeria Daily Newsletter and get Today’s Top Pension News delivered straight into your email box every Evening.
If you have subscribed before and you still do not receive our Newsletter, please check your “Spam Folder”, if you find our Newsletter there, mark it as “NOT SPAM” or move it to your Inbox
Pension is Your Right,
An Insurance for Old Age
Follow PensionNigeria on Social Media LinkedIn Twitter Instagram Facebook YouTube
