Tag: #NigeriaPensions
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PENCARE LAUNCHED: NEW HEALTHCARE INITIATIVE TO BOOST RETIREES’ WELLBEING
Mrs. Omolola Oloworaran, Director General of the National Pension Commission (PenCom), has unveiled the Board of Trustees for the Pension Industry Health Care Initiative (PenCare), aimed at providing quality and affordable healthcare to retirees under the Contributory Pension Scheme (CPS). The launch, held in Abuja, marks a new era of social protection focused on not…
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NIGERIA’S PENSION SCHEME TRANSFORMS RETIREMENT SECURITY, PENSIONS HIT N14.8B MONTHLY
PenCom’s CPS boosts coverage and benefits while ensuring timely payments and better welfare. PenCom DG Omolola Oloworaran hailed Nigeria’s Contributory Pension Scheme (CPS) for revolutionizing pensions over 20 years, covering 10 million Nigerians and growing assets to over ₦25 trillion. Monthly pensions rose from ₦12.16 billion to ₦14.84 billion in June 2025, with zero waiting…
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PTAD UNVEILS SECOND EDITION SERVICE CHARTER, VOWS BETTER PENSION SERVICES
The Pension Transitional Arrangement Directorate is turning up the heat on pension reforms with the launch of its much-anticipated Second Edition Service Charter — promising sharper service and stronger partnerships.At a lively event in Abuja on Sunday, September 7, 2025, PTAD’s Executive Secretary, Tolulope A. Odunaiya, was seen in engaging talks with Nigeria Union of…
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ONDO STATE LAUNCHES PENSIONER VERIFICATION TO ELIMINATE GHOST PENSIONS
Ondo kicks off statewide verification of pensioners from 2016-2025 to ensure accurate records and smooth payments. Ondo State Pension Transitional Department begins pensioner verification starting September 2 across local governments, requiring retirees to present key documents in person—no proxies allowed. The exercise aims to weed out ghost pensioners and guarantee timely pension and gratuity payments.…
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TINUBU APPROVES BOOSTED WELFARE FOR DBS PENSIONERS UNDER RENEWED HOPE AGENDA
President Bola Tinubu has green-lit major steps to improve benefits for Defined Benefit Scheme (DBS) pensioners, signalling a new era in pension care. The approvals include immediate extra budget for updated pension rates, a pension harmonisation policy set for 2026, health insurance coverage for all DBS retirees, plus settling unpaid dues to NITEL/MTEL and other…
