Status of Contributory Pension Assets as at 31 December 2022

February 22, 2023 PensionNigeria

Contributory Pension Assets increased by approximately N199.17 billion in December 2022 compared to an increase of N204.73 billion in November 2022.

The total assets under the Contributory Pension Scheme increased to approximately N14.99 trillion as at the end of December 2022 compared to the N14.79 trillion as at the end of November 2022.

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The Top 7 places where pension funds were invested as at December 2022, with percentage invested, are;

Total FGN Securities N9.64 Trillion (64.33%)
Money Market Instruments N1.98 Trillion (13.23%)
Corporate Debt Securities N1.66 Trillion (11.07%)
Domestic Ordinary Shares N908 Billion (6.06%)
Real Estate N218 Billion (1.45%)
State Govt Securities N166 Billion (1.11%)
Infrastructure Funds N113 Billion (0.75%)

Below is the full report on the Status of Contributory Pension Assets as at end of December 2022.

Please note this report is from the National Pension Commission (PenCom) and the figures are based on unaudited valuation reports.

Definition of Terms:

EXISTING SCHEMES: Approved Existing Schemes are Pension schemes existing prior to the introduction of the Contributory Pension Scheme (CPS) in June, 2004 and were approved to continue as AES. Membership of this fund is restricted to employees of that specific organization.

CPFAs: These are Pension schemes in the private sector existing prior to the introduction of CPS and were licensed to operate as Closed Pension Fund Administrators and membership of this fund is restricted to employees of that specific organization.

RSA FUND I: Retirement Savings Account Fund I (An Active Contributor who is below 50 yrs of age and chooses for his contribution to be invested in this fund).

RSA FUND II: Retirement Savings Account Fund II (default fund for all Active Contributors who are below 50 yrs of age).

RSA FUND III: Retirement Savings Account Fund III (default fund for all Active Contributors who are 50 yrs and above).

RSA FUND IV: Retirement Savings Account Fund IV (Fund for Retirees only).

RSA FUND V: Micro Pension Fund is for the informal sector and employees of organizations with less than 3 employees.

RSA FUND VI: Non Interest Fund.

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

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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