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CONTRIBUTORY PENSION SCHEME (CPS)

The National Pension Commission (PenCom) has launched Pension Revolution 2.0 – Stronger Pensions, Stronger Nigeria, a bold reform initiative aimed at repositioning Nigeria’s pension industry for inclusive growth, resilience, and long-term sustainability. 
The Lagos State Government has disbursed a total of N138.1 billion as accrued pension rights to 34,178 retirees since the introduction of the Contributory Pension Scheme (CPS) in 2007.  
FG has released N13.89 billion for the payment of accrued pension rights for employees of Ministries, Departments, and Agencies (MDAs) who retired in 2022
PenCom has approved a monthly pension increase for retirees on programmed withdrawal under the contributory pension scheme
The National Pension Commission (PenCom) has revealed that pension fund assets rose to N12.66 trillion as of June...
The Federal Government has approved the payments of outstanding pension liabilities under the Contributory Pension Scheme.
16 members have been recently inaugurated to the National Pension Commission (PENCOM) board.