Tag: #PensionReform
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NLC PUSHES TO DOUBLE RETIREMENT SAVINGS WITHDRAWAL LIMIT TO 50%
The Nigerian Labour Congress (NLC) is calling for an increase in the Retirement Savings Account (RSA) withdrawal limit from 25% to 50% to help workers meet urgent financial needs like education, healthcare, and agriculture. NLC President Comrade Joe Ajaero made the demand during a roundtable with the National Pension Commission (PenCom) in Abuja. Ajaero also…
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EBONYI GOVERNMENT STARTS N10 BILLION GRATUITY PAYOUT TO LG RETIREES
Over 4,000 retired local government workers begin receiving their overdue gratuities, bringing relief and dignity. The Ebonyi State Government has begun releasing N10 billion for the payment of gratuities to over 4,000 retired local government area workers. The move is part of the state’s effort to address a backlog of unpaid benefits, marking a significant…
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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…
