Pension fund now N12.66trn –PenCom - Punch Newspapers

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Pension fund now N12.66trn –PenCom - Punch Newspapers
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The National Pension Commision said pension fund assets had risen to N12.66trn as of June 30, with contributors under the Contributory Pension Scheme hitting the 9.38m mark.

“COVID-19 has engendered socio-economic disruptions of the entire global order, with multifarious challenges in conducting hitherto routine activities. “The application has capabilities to register, verify and enroll prospective retirees of Treasury-Funded Federal Ministries, Departments and Agencies ,” she said.According to her, by the deployment of this new application, mass gathering of people has been avoided while enhancing convenience for the prospective retirees through a seamless enrolment process.

“This is considered germane considering that 17 years after the pension reform in Nigeria, there still exists a knowledge gap on the CPS.

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