Pension News

Rivers State extends its transition period to Contributory Pension Scheme

National Pension Commission (PenCom) has provided an update on the amendment of River State Pension Reform Law 2019 in its 4th quarter 2022 report.

PenCom said it was informed by Rivers State Government in October 2022 of the amendment of the Rivers State Pension Reform Law 2009 to further extend the transition period by another (3) years from June 2022 to July 2025.

The current amendment implies that all active employees of Rivers State who made contributions under the Contributory Pension Scheme (CPS) and those due to retire under the CPS up to 30 June 2025, have been transited back to the Defined Benefits Scheme (DBS).

Check out
Status of Implementation of CPS in States

Check below for PensionNigeria breakdown of all the important aspects of the PenCom 4th Quarter 2022 Report

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DONT MISS our 4th Quarter 2022 Report Series

Update on RSA Transfer System (RTS) 4th Quarter 2022
List of Organisations Issued Compliance Certificates in the Year 2022
Total RSA Registration as at 31 December 2022

Status of Contributory Pension Assets as at 31 December 2022
Micro Pension Registrations per PFA & Fastest Growing PFAs as at 31 December 2022

Status of Implementation of CPS in States as at 31 December 2022
Director General’s Remarks on PenCom 4th Quarter 2022 Report
Analysis of Pension Operating Environment 4th Quarter 2022
Appointment & Resignation of Pension Operators’ Board Members and Top Management Q4 2022
Recovery Agents recover ₦24.15 billion from Defaulting Employers as PenCom takes 34 Employers to Court
Update on NSITF & Refund of Pension Contribution to Military & SSS Q4 2022
Update on ₦2 Billion Monthly Commitment by Lagos State Govt to defray Outstanding Accrued Rights of Retirees as at Dec 2022
Ekiti State appoints Veritas PFA to manage Retirement Benefit Bond Redemption Fund
Rivers State extends its transition period to Contributory Pension Scheme
PenCom responds to query on refund of Pension Contributions to Zamfara State
Micro Pension Contributions received per PFA Q4 2022
Update on the Micro Pension Plan Q4 2022
RSA Registrations per PFA for 4th Quarter 2022
RSA Registration Age and Gender Breakdown for Q4 2022
PenCom approved over N1.72 Trillion for PFAs to pay RSA Holders as at Q4 2022

Also Check out
Performance of all PFAs in Nigeria for Full Year 2022

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