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SIC Life to start Universal bank in 2019

CEO of SIC Life, Dr. Aaron Issa Anafure disclosed this at the launch of SIC Life Pensioners’ Association. A life insurer in Ghana, SIC Life Company Limited is set to operate Universal bank in 2019. This was disclosed by the company’s Chief Executive Officer (CEO), Dr. Aaron Issa Anafure at ...

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PTAD Drops 15,600 Pensioners Off Its Payroll

The Executive Secretary of Pension Transitional Arrangement Directorate (PTAD), Mrs Sharon Ikeazor, on Tuesday says the directorate has suspended 15, 600 pensioners from its payroll due to lack of Bank Verification Number (BVN). She also said the agency was set to commence verification of Nigerian pensioners in the Diaspora. Ikeazor ...

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Ogun federal retirees groan over unpaid pensions, gratuities

Federal retirees in Ogun on Tuesday lamented the hardships they are facing due to non-payment of their pensions and gratuities. Addressing a news conference in Abeokuta, the retirees, under the auspices of the Contributory Pensioners Association of Nigeria (COPAN), said they had been neglected. The leader of the association, Mr ...

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National survey reveals stakeholders’ dissatisfaction with Contributory Pension Scheme

A national survey on the Contributory Pension Scheme established over a decade ago by the Federal Government has revealed the dissatisfaction of some stakeholders with the implementation of the scheme. In the survey conducted by the News Agency of Nigeria (NAN) across states of the federation, some respondents however, commended ...

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New Nigerian company ‘to boost pension fund investments in infrastructure’

A new company that will enable pension funds to invest in Nigerian infrastructure bonds is set to be launched in a few weeks’ time, the head of the country’s sovereign wealth fund has said.10 Jan 2017 Energy and infrastructure finance Projects Infrastructure Financial Services Africa Western Africa Uche Orji, chief ...

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Ghana: SSINT warns against non-payment of workers’ contribution

Eva Amegashie Eva Amegashie,Corporate Affairs Manager of Social Security and National Insurance Trust (SSNIT) The Corporate Affairs Manager of Social Security and National Insurance Trust (SSNIT), Eva Amegashie says employers who do not pay their workers are flouting the stipulations of the National Pensions Act. She says it is the ...

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SSNIT defends 18% increase in pension benefits

The Social Security National Insurance Trust (SSNIT) has justified its 18% increment of pension benefits. This is despite complaints of pensioners who had hoped for a higher percentage increase of their pensions. The increment is however 2% lower than the 20% increase announced in 2016. The Corporate Affairs Manager of ...

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Lack of counter-part funds from FG stalls retirees’ benefits

Organized Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has urged the Federal Government to release its counter-part funds to the National Pension Commission (PENCOM) so that thousands of retired Public Servants can be paid their entitlements. Disvlosing this in a statement to newsmen in ...

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Lack of data dragging payments for Tier 2 pension claims

Some practitioners in the pensions industry have blamed the lack of accurate data for the increased controversies surrounding the management of tier two pension schemes among public sector workers. In their view, the absence of credible employee data hampers effective disbursements of the contributions currently with the Temporary Pension Fund ...

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Lagos States Pays N1.9b to 495 Retirees* Pays N170m As Insurance Benefits

L-R: Honorable Commissioner Establishments, Training and Pension, Akintola Benson Oke presenting Retirement Benefit Bond Certificate to one of the retirees while the Director a general LASPEC, Folasade Onanuga(3rd left) and Acting Head of Service, Lagos State, Folasade Adesoye at the event held today in Lagos.           ...

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