PensionNigeria Weekly Newsletter for Week Ended 13 March 2022

March 13, 2022 PensionNigeria

PensionNigeria Weekly Newsletter for Week Ended 13 March 2022

We now have 20 PFAs, Increase in Pension to ease Rising Inflation, Pension fraud, demand for Better Severance Package, State Assembly Passes CPS, State & PTAD news and many more,

Read full news below;

Regulatory News

We now have 20 PFAs in the pension industry, we have updated our post on PFAs to reflect change in leadership of PFAs, Acquisitions & Mergers HERE. ALSO read PenCom announcement on Mergers & Acquisitions in Pension Industry in HERE, And why its happening HERE

PFCs are responsible for keeping safe custody of pension assets on trust on behalf of contributors. They are the Banks for the PFAs. We have updated our post on the things you should know about PFCs to reflect new appointments in the industry HERE

Pension schemes in the private sector existing prior to the introduction of the Contributory Pension Scheme (CPS) in June, 2004 were allowed to continue as Closed Pension Fund Administrators (CPFAs), subject to guidelines issued by PenCom. We have updated our post on CPFAs to reflect updates in the pension industry, check it out HERE

PTAD adds new regional offices and an Instagram Page, we have updated our post on Everything you should know about PTAD, PTAD Vision, Mission, Core values, Functions, HQ, Regional offices, Telephone, Email, Social media etc, Check it out HERE

General Pension News

Africa’s Biggest Pension Fund increases Pension to ease Rising Inflation

Court orders YABATECH to pay outstanding Pension Entitlements for Deceased Lecturer

NUP praises FG Commitment To Pensioners

Amaechi demands Better Severance Package for Public Servants

Penson Fraud

Former Head of Service, Oronsaye, denies 66 Bank Accounts used to siphon Pension Funds

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State Pension News

Bauchi Assembly Passes Contributory Pension Scheme Bill

Edo State has made Pensioners’ Welfare Top Priority, see reasons here

Kaduna State begins payment of life insurance

Kaduna Approves N1.2bn for Gratuity & Death Benefits

Anambra Retired Teachers Protest 4 yrs Pension Arrears

Retired LG workers & Teachers Protest Non-Payment of Pension in Delta

Jigawa Verifies 9,000 Pensioners in Eighteen LGAs

PTAD News

PTAD Renews Collaboration with Public Complaints Commission

Federal Civil Service Pensioners (FCSP) Commend PTAD

Speech Delivered by PTAD ES at the South-West Stakeholders’ Forum

PTAD Holds Capacity Workshop for Pension Correspondents

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