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N10.20bn transfered into RSAs of 142,486 NSITF scheme contributors – PenCom

The National Pension Commission (PenCom) says N10.2 billion have been transferred into the Retirement Savings Account (RSAs) of 142,486 Nigerian Social Insurance Trust Fund (NSITF) Scheme contributors from 2014 to date.Mrs Aisha Dahir-Umar, Director-General, PenCom, revealed this at an interactive session, organised by PenCom and Nigeria Employers’ Consultative Association (NECA) on CPS for the Organised ....

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How Nigerian Workers Fake Deaths To Get Pension Benefits From Government

Some workers and retirees now fake their deaths as contributors to the Contributory Pension Scheme in order the get the benefits entitled to deceased persons, the National Pension Commission (PenCom) has revealed. To ensure that a worker is truly dead apart from other means of verification, PenCom has now asked the banks to close the accounts of reported dead persons so that they would not be able to operate bank accounts again in the country. ....

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