Status of Contributory Pension Assets as at 31 May 2023

August 9, 2023 PensionNigeria

Contributory Pension Assets increased by approximately N335.57 billion in May 2023 compared to an increase of N189.18 billion in April 2023.

The total assets under the Contributory Pension Scheme increased to approximately N16.11 trillion as at the end of May 2023 compared to the N15.77 trillion as at the end of April 2023.

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The Top 7 places where pension funds were invested as at May 2023, with percentage invested, are;

Total FGN Securities N10.44 Trillion (64.79%)
Money Market Instruments N1.75 Trillion (10.84%)
Corporate Debt Securities N1.73 Trillion (10.71%)
Domestic Ordinary Shares N1.12 Trillion (6.97%)
State Govt Securities N278.05 Billion (1.73%)
Real Estate N212.30 Billion (1.32%)
Cash & Other Assets N187.13 Billion (1.16%)

Below is the full report on the Status of Contributory Pension Assets as at end of May 2023.

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

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