Home   |    Financials   |    Open RSA Account   |    Blog   |    FAQs   |    Contact Us   |    0700AIICOPFA (070024426732)
home ››
Disengaged workers get N4bn pension benefits.

Pension Fund Administrators (PFAs) in the third quarter of 2016, paid N4 billion to 12,464 disengaged workers who have Retirement Saving Account (RSA) and under 50 years but were unable to get another job within four months of their disengagement.

 

The National Pension Commission (PenCom) revealed this in its 2016 third quarters report, adding that the private sector accounted for 95.43 per cent which amounted to 173,578 of the disengaged workers, while the public sector accounted for 4.57 per cent which is 8,305 workers.

 

PenCom noted that N56.90 billion has been paid to 181,883 disengaged workers since inception of the Contributory Pension Scheme (CPS).

 

It said N1.84 billion was also paid as death benefits to beneficiaries of 532 deceased employees within the quarter under review.

 Credit: Inspenonline



View More
General Links
Home
About us
Account login
Downloads
Media
Customer Center
Contact Us
Sponsors
Regulators
Products & Services
Retirement Savings Accounts (RSA)
Additional Voluntary Contributions (AVC)
Managing Existing Pension & Endowment Schemes
Design and management of gratuity schemes
Management of Retiree Scheme/Fund
Value Added Services
Fund Administration
Open An Account
Access Your Account
Fund Information
Retirement Benefits
Compulsory Retirement
Loss of Employment
Retirement on Medical Grounds
Death In Service
Other links
Enquiry
Complaint
Branch Locator
Price History
FAQs
Sitemap
Terms of Use
Privacy Policy