September 24, 2018

FG remitted workers’ pension last in September- PenOp

FG remitted workers’ pension last in September- PenOp

President of the Pension Fund Operators Association of Nigeria, PenOp, Mr. Eguarekhide Longe has said that compliance to remittances of pension contributions from the public sector on both the Federal and State levels have lagged notably.

Longe who stated this at the Association’s annual general meeting in Lagos, said that remittances from the federal government through the National Pension Commission (Pencom) were last received for September 2015. Longo who said that some states have outstanding remittances dating back over two years, noted that private sector remittances, though impacted by the adverse economic environment, have been more consistent.

Longe said, “Amidst the dire economic challenges, aggregate pension assets under the CPS grew by 15 per cent from N4.61 trillion as at end of December 2014 to N5.3 trillion as at the end of December 2015…Read more

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