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NATIONAL PENSION COMMISSION (PENCOM)
The average Nigerian worker's dream of owning a house they can call their own brightened on Thursday at the banker's committee meeting held in Abuja.
The summary of Pension Fund Assets shows that Pension contributors hit 8.56m in February 2019. When compared to the 8.4m plus contributors that had been maintained since December, there's an increase.
@PensionNigeria remitted the sum of N7.42bn into the Retirement Savings Accounts (RSA) in Q4 2018. Latest report from PenCOm shows that funds were remitted into 966,155 employees of the 2,044 organisations, while the private sector controls the larger proportion of RSA.
The path to extinction seems to be the route on which the famous Social Security Trust Fund of America is on as at moment.
Only 8.41 million Nigerians currently contribute to the Contributory Pension Scheme.