Status of Implementation of CPS in States as at 31 December 2022

March 4, 2023March 5, 2023 PensionNigeria 4th Quarter 2022, December 2022, National Pension Commission (PenCom), Quarterly Report, State Government, Status of Implementation of CPS in States

The National Pension Commission (PenCom) has released the status of implementation of Contributory Pension Scheme (CPS) in States as at 31 December 2022.

The report reveals that as at 31 December 2022, only twenty-four (24) States and the Federal Capital Territory (FCT) had enacted pension laws on the Contributory Pension Scheme (CPS), seven (7) States were still at the Bill stage to enact law on CPS for their States while five (5) States have chosen to operate Contributory Defined Benefit Scheme (CDBS).

See below a table showing the Summary of Implementation of CPS in States as at 31 December 2022.

Also see below the status of compliance per state with “Level of implementation” in BLUE and “Outstanding implementation milestone” in RED.

Ekiti State

The State Government enacted the Ekiti State Contributory Pension Law in 2010. The law was repealed and replaced with the ‘Ekiti State Pension Reform Law’ in 2017. The 2017 law was also repealed and replaced with the pension law of 2022. The State Established the Ekiti State Pension Commission to drive implementation of the law in the State.
The State registered its employees with PFAs.
Remitting 10% employer & 8% employee Pension Contributions, however, self funded agencies have backlogs of unremitted pension contributions from January 2019.
Conducted an Actuarial Valuation to determine the employees’ Accrued Pension Rights.
Opened a Retirement Benefits Bond Redemption Fund Account with ARM and Trustfund PFAs.
Yet to commence funding of the Accrued Pension Rights.
Has a valid Group Life Insurance Policy (GLlP) for only 100 State Government employees. No GLIP for Local Government employees.

Lagos State

Enacted the Lagos State Pension Reform Law in 2007.
Amended some sections of the principal Law in 2021.
Established the Lagos State Pension Commission (LASPEC) in July 2009.
Registered the employees of the State with PFAs.
Remitting 10% employer & 8% employee Pension Contributions.
Conducted an Actuarial Valuation to determine the employees’ Accrued Pension Rights.
Funding the employees’ Accrued Pension Rights.
Opened Retirement Benefits Bond Redemption Fund Accounts with two PFAs for the State & Local Governments.
Has a valid Group Life Insurance Policy.
The State has backlog of Accrued Pension Rights.

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Ogun State

Enacted the Ogun State Pension Reform Law in 2008 (amended the Law in 2013 to extend its transition period to 2025).
Established 2 Pension Bureaux, one each for the State Service and Local Government Service.
The State has registered its employees (States and Local Government) with Pension Fund Administrators (PFAs).
Deducting 7.5% employee Pension Contributions but stopped remitting both employer & employee contributions to the respective Retirement Savings Accounts (RSAs).
The State Government is yet to engage an actuary to conduct an actuarial valuation to determine the accrued rights of employees.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of the Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Ondo State

Enacted the Ondo State Pension Reform Law in 2014. Amended the law in 2019 to give the CPS coverage only over new employees engaged as from 2014.
Established a Pension Bureau to drive and oversee the process of implementation of the CPS in Ondo State.
The State has registered its employees with Pension Fund Administrators.
Remitting 10% employer & 8% employee Pension contributions in line with Section 14 of the 2014 State Pension Law.
The State does not require actuarial valuation given that the CPS Law only covers new employees without past benefits.
The State has instituted a valid Group Life Insurance Policy.

Osun State

Enacted the Osun State Pension Reform Law in 2008.
Established 2 Pension Bureaux responsible for the administration of pension arrangements in the State and Local Governments.
The State has registered its employees with Licensed Pension Fund Administrators (PFAs).
Deducting and remitting 7.5% employer & 7.5% employee Pension Contributions in line with Section 14(1) of the Osun State Pension Reform, 2008.
The State had conducted an actuarial valuation and determined the accrued rights due to the employees that transited into the Contributory Pension Scheme (CPS).
The State has a valid Group Life Insurance Policy (GLIP).
Opened a Retirement Benefits Bond Redemption Fund Account with the CBN.
The State has backlog of Accrued Pension Rights.

Oyo State

The Oyo State Government enacted the Oyo State Pension Reform Law in 2010.
The State is yet to implement any other milestone towards full implementation of the CPS.
The State Government is yet to establish a Pension Bureau to oversee the process of implementation of the CPS in Oyo State.
The State is yet to commence the registration of its employees
Yet to commence deduction and remittance of Pension Contributions.
Yet to conduct an Acturial Valuation to determine the employees’ Accrued Pension Rights.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of the Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Akwa Ibom State

The Akwa-Ibom State Government drafted the Akwa-Ibom State Pension Reform bill in 2019. The bill was presented to the State House of Assembly but its yet to be passed.
Yet to enact the Law on the CPS.
Yet to register the employees with PFAs.
Yet to commence remittance of Pension Contributions for the employees.
Yet to conduct an Actuarial Valuation to determine the Accrued Pension Rights of the employees that would be transiting into the CPS.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of the Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Bayelsa State

The State enacted the Bayelsa State Pension Reform Law on 17 July 2009.
The State had initially set up an administrative structure to drive the Contributory Pension Scheme (CPS) in the State and Local Governments Service, but the agencies were dissolved in 2021. In their place, a 10-Man Technical Committee was constituted to drive the implementation of CPS in the State.
The State repealed its old Law and re-enacted a new one which was signed in on the 30 December 2022
The State is yet to register its employees with PFAs.
Yet to commence remittance of pension contributions.
Yet to conduct an Actuarial Valuation to determine the Accrued Pension Rights of employees that would be transiting to the CPS.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of the Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Cross Rivers

The Cross River State Contributory Pension Bill 2021 is undergoing legislative processes.
Yet to enact a Law on the CPS to guide implementation of the scheme.
Yet to establish a Pension Bureau.
Yet to register the employees with PFAs.
Yet to commence remittance of Pension Contributions for the employees.
Yet to conduct an Actuarial Valuation to determine the employees’ Accrued Pension Rights.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of the Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Delta State

Enacted a Law on the CPS in 2008 (amended the Law 2011).
Established 2 Pension Bureaux (State & Local Governments).
Registered the Employees with PFAs.
Remitting 10% employer & 7.5% employee Pension Contributions (up to January 2022 for employees of the Local Governments and up to December 2022 for employees of the State Government).
Conducted an Acturial Valuation to determine the employees’ Accrued Pension Rights.
Opened Retirement Benefits Bond Redemption Fund Accounts (RBBRFA) with the CBN.
The State has huge arrears of Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Edo State

The State Government enacted the Edo State Contributory Pension Scheme Law in 2010. The State however commenced implementation of the CPS in February 2017 with the amendment Law 2017.
The State Government established the Edo State Pension Bureau to oversee the implementation of the CPS in Edo State.
Registered the State’s employees with PFAs. However, three (3) Self-Funded Agencies and eighteen (18) LGC’s are yet to commence registration of their employees.
Remitting 10% employer & 8% employee pension contributions.
Conducted an Actuarial Valuation to determine the employee’s Accrued Pension Rights.
Has a valid Group Life Insurance Policy.
Opened a Retirement Benefits Bond Redemptions Fund Account with a PFA.
Funding the Accrued Pension Rights of the State public service employees.

Rivers State

Enacted the Rivers State Pension Reform Law in 2009. The law was amended in 2012, repealed and re-enacted in 2019 with the transition period extended to 2022.
The law was amended in September 2022 to further extend the transition period to July 2025.
Established the Rivers State Pension Board to oversee the implementation of the CPS in the State.
The State registered its employees with Pension Fund Administrators.
The State commenced the remittance of 7.5% employer and 7.5% employee pension contributions in accordance with the provisions of Section 3 of the State Law. However, remittances were suspended in 2019 after the enactment of the 2019 Law. The State re-commenced the deductions and remittance of only employee pension contributions. The contributions made under the repealed law are now being refunded.
Opened a Retirement Benefits Bond Redemption Fund Account with a PFA, in line with the State Pension Law.
The Rivers State Government conducted actuarial valuation in 2009. However the actuarial valuation needs to be revalidated following the enactment of the 2019 Law.
Yet to commence funding of the Retirement Benefits Bond Redemption Fund Account.
Yet to institute a Group Life Insurance Policy.

Abia State

The Abia State Government enacted the Abia State Pension Reform Law, on 20 March 2017. The State is yet to implement any other milestone towards full implementation of the CPS.
Yet to establish a Pension Bureau to oversee the process of implementation of the CPS in Abia State.
Yet to commence the registration of its employees.
Yet to commence remittance of Pension Contributions.
Yet to conduct an Actuarial Valuation to determine the Accrued Pension Rights of employees that would be transiting into the CPS.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of the Accrued Pension Rights.

Anambra State

The Anambra State Government enacted the Anambra State Pension Reform Law in 2013.
The State appointed five (5) PFAs to register State employees and three (3) PFAs to register Local Government employees.
The State had been remitting both employer and employee pension contribution from inception up to December 2017 but remittances stopped from January 2018 to February 2022. Remittances resumed from March 2022 and has been regular to date for State Government employees while remittances for Local Government employees has not been made since March 2017.
Opened a Retirement Benefits Bond Redemption Fund Account (RBBRFA) with a PFA for the Local Government employees, in line with the State Law. However no RBBRFA for State Government employees.
Yet to set up the State Pension Management Board and Local Government Pension Management Board in accordance with Section 17(1) of the Anambra State Pension Reform Law, 2013.
Yet to conduct an Actuarial Valuation to determine the employees’ Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Ebonyi State

The State enacted the Ebonyi State Pension Reform Law (2017) in 2017. The State is yet to implement any other milestone towards full implementation of the CPS.
Yet to establish a Pension Bureau to oversee the process of implementation of the CPS in Ebonyi State.
Yet to register employees with PFAs.
Yet to commence remittance of Pension Contributions.
Yet to conduct an Actuarial Valuation to determine the employees’ Accrued Pension Rights.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of the Accrued Pension Rights.

Enugu State

The State enacted the Enugu State Pension Reform Law (2014) on 4 March 2014. The State is yet to implement any other milestone towards full implementation of the CPS.
Yet to establish a Pension Bureau to oversee the process of implementation of the CPS in Enugu State.
Yet to register the employees with PFAs.
Yet to commence remittance of Pension Contributions.
Yet to conduct an Actuarial Valuation to determine the employees’ Accrued Pension Rights.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of the Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Imo State

Imo State enacted the Imo State Pension Reform Law, 2008 in 2008. The State is yet to implement any other milestone towards full implementation of the CPS.
Yet to establish a Pension Bureau.
Yet to register t he employees with PFAs.
Yet to commence remittance of Pension Contributions.
Yet to conduct an Actuarial Valuation to determine the employees’ Accrued Pension Rights.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of the Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Jigawa State

The Jigawa State and Local Government Contributory Pension Scheme Law was enacted in 2005. The law was amended in 2015 and 2020.
The State has set up the Jigawa (State and Local Governments) Contributory Pension Scheme Board.
The CDBS does not require the registration of employees and opening of Retirement Savings Accounts (RSAs) with Pension Fund Administrators (PFAs).
Remitting 17% employer & 8% employee Pension Contributions under the Contributory Defined Benefits Scheme.
Conducted an Actuarial Valuation to determine the employees’ Accrued Pension Rights in December 2018.
The institution of a Group Life Insurance Policy is not required under the CDBS.

Kaduna State

Enacted the Kaduna State Pension Reform Law in 2007. The Law was amended in 2016 and 2020.
The State Government established the Kaduna State Pension Bureau to oversee the process of implementing the CPS in the State.
Registered employees with PFAs.
The State is currently deducting and remitting both employer and employee pension contributions consistently based on 8% employer and 7% employee contributions.
The State had conducted an actuarial valuation and determined the accrued rights due to the employees that transited into the CPS.
Opened Retirement Benefits Bond Redemption Fund Accounts (RBBRFA) with the CBN.
Funding Accrued Rights consistently with 5% of the monthly wage bill.
The State instituted a Sinking Fund domiciled with the CBN in place of a Group Life Insurance policy.
The State has arrears of Accrued Pension Rights.

Kano State

Enacted the Kano State Pension and Gratuity Law in 2006 to drive the implementation of the Contributory Defined Benefits Scheme (CDBS).
The State Government assigned the administration and custody of pension funds and assets to the Kano State Pension Fund Trustees.
The State has commenced the deduction and remittance of both employer and employee pension contributions into the Fund account opened by the Trustee.
Yet to establish a State Pension Bureau.
State employees are not registered with PFAs as CDBS does not require the registration of employees and opening of Retirement Savings Accounts (RSAs) with Pension Fund Administrations (PFAs).
Yet to transfer pension assests to a Licensed Pension Fund Custodian.
Yet to conduct an Actuarial Valuation to determine the quantum of its liability and funding gap.

Katsina State

Katsina State drafted the Contributory Defined Benefits Scheme (CDBS) Bill in 2021. The Bill has been passed by the State House of Assembly and awaiting accent by the Executive Governor.
Yet to establish a Pension Bureau .
Registration of employees with PFAs not required under the CDBS Law.
Yet to commence deduction and remittance of employer and employee pension contributions to appointed PFAs.
The Katsina State Government is yet to appoint an Actuary to conduct an actuarial valuation to determine the quantum of its liability and funding gap.
Group Life Insurance Policy not required under the CDBS Law.

Kebbi State

Enacted the Kebbi State Pension Reform Law in 2009. The Law was repealed and replaced with the Kebbi State Pension Reform Law, 2014.
Established the Kebbi State Contributory Pension Board to oversee the implementation of the CPS in the State.
The State employees have registered with PFAs.
Remitting only 7.5% employee Pension Contributions.
Yet to conduct an Acturial Valuation to determine the employees’ Accrued Pension Rights .
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of the Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy .
Employees covered under the CPS being retired into the DBS as a result of failure to remit employer contributions and accrued rights.

Sokoto State

The State enacted the Sokoto State Pension Reform Law in 2007.
Yet to establish a Pension Bureau.
Yet to register the employees with PFAs.
Yet to commence deduction and remittance of Pension Contributions.
Yet to conduct an Actuarial Valuation to determine the employees’ Accrued Pension Rights.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of the Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Zamfara State

Enacted the Zamfara Pension Reform Law (CPS) in 2006. Repealed the CPS Law and re-enacted a Law on the CDBS in 2019.
The refund of remittances made under the CPS for employees of the State has been concluded.
Yet to establish a Pension Bureau to oversee the process of implementing the CDBS in the State.
The CDBS does not require the registration of employees and opening of Retirement Savings Accounts (RSAs) with Pension Fund Administrators (PFAs).
Yet to commence deduction and remittance of pension contributions under the CDBS.
Yet to conduct an Actuarial Valuation to determine the quantum of its liability and funding gap.
The institution of a Group Life Insurance policy is not required under the CDBS.

Adamawa State

The Adamawa State and Local Government Contributory Pension Scheme Law 2013 was enacted in July 2013 seeks to establish a Contributory Defined Benefits Scheme (CDBS).
In 2020, the State drafted a bill to further amend the CDBS.
The State had established two (2) Pension Boards to oversea the implementation process of CDBS in the State.
Yet to commence deduction and remittance of Pension Contributions into the trustees account.
The CDBS pension scheme does not require the registration of employees and opening of Retirement Savings Accounts (RSAs) with Pension Fund Administrations (PFAs).
Yet to conduct actuarial valuation to determine the quantum of its liabilities and funding gap.
The institution of a Group Life Insurance Policy is not required under the CDBS.

Bauchi State

Enacted a Law on the Contributory Pension Scheme on 5 August 2022.
The State constituted a committee to guide the process of implementing the CPS and other reforms needed in pension administration in the State.
Yet to establish a Pension Bureau.
Yet to register the Employees with PFAs.
Yet to commence remittance of pension contributions for the employees.
Yet to conduct an Actuarial Valuation to determine the employees’ Accrued Pension Rights.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Borno State

The Borno State Government drafted a bill on the Contributory Pension Scheme (CPS) in 2012. The State is however yet to pass the bill into law to provide a legal framework for implementing the CPS in the State.
Yet to enact a Law on the CPS to guide implementation of the Scheme.
Yet to establish a Pension Bureau.
Yet to register the Employees with PFAs.
Yet to commence remittance of pension contributions for the employees.
Yet to conduct an Actuarial Valuation to determine the employees’ Accrued Pension Rights.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Gombe State

The State enacted the Gombe State Contributory Pension Scheme (CPS) Law in 2006. The 2006 law was later repealed and replaced with the Pension Reform Law 2007. Similarly, the State repealed the 2014 Law and enacted the Gombe State Contributory Defined Benefits Scheme (CDBS) Law 2019.
Yet to establish a Pension Bureau to oversee the process of implementation of the CDBS in Gombe State.
The CDBS Pension Scheme does not require the registration of employees and opening of Retirement Savings Account (RSAs) with PFAs.
Yet to commence deduction and remittance of employer and employee pension contributions.
Yet to appoint an Actuary to conduct actuarial valuation to determine the quantum of the liabilities and any funding gap.

Taraba State

Enacted the Taraba State Pension Reform Law in 2009. The State is yet to implement any other milestone towards full implementation of the CPS.
Yet to establish a Pension Bureau.
Yet to register the Employees with PFAs
Yet to commence remittance of Pension Contributions.
Yet to conduct an Actuarial Valuation to determine the employees Accrued Pension Rights.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of the Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Yobe State

The State is currently operating a Defined Benefits Scheme. In 2020, the State drafted a bill on Contributory Pension Scheme (CPS) and set up a committee to facilitate the adoption of the CPS in the State.
Yet to establish a Pension Bureau.
Yet to register the Employees with PFAs
Yet to commence remittance of Pension Contributions.
Yet to conduct an Actuarial Valuation to determine the employees Accrued Pension Rights.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of the Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Benue State

Enacted the ‘Benue State Pension Reform Law’ in May 2019. The State is in the process of amending the 2019 law and drafted a new Pension Reform Bill in 2022.
Established a Pension Bureau.
The State has registered its employees with Pension Funds Administrators.
Commenced deduction and remittance of both employer and employee pension contributions into the Retirement Savings Accounts (RSAs) of the employees of three (3) Tertiary Institutions and all the Twenty-Three (23) Local Government Councils. However, the employer contributions for the Local Government employees stopped in October 2020. Remitting only 8% employees’ Pension
Yet to commence remittance of 10% employer pension contributions for all other Ministries, Departments and Agencies.
Yet to conduct an Actuarial Valuation to determine the employees’ Accrued Pension Rights but the State has signed a contract with two Actuarial firms to carryout the actuarial valuation for the State and Local Governments employees.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.
State has backlog of pension liabilities.

Federal Capital Territory (FCT)

Covered by the PRA 2014.
Established two (2) Pension Bureaux (FCT Pension Department & FCT Area Council Staff Pension Board).
Registered the Employees with PFAs.
Remitting 10% employer and 8% employee pension contributions (up to date remittance of pension contributions for employees of the FCT Administration (FCTA) and Local Education Authorities (LEAs), but have backlog for some Area Councils).
Conducted an Actuarial Valuation to determine the employees’ Accrued Pension Rights.
Opened Retirement Benefits Bond Redemption Fund Account.
Regular funding of Accrued Pension Rights for both the FCTA and Area Councils.
Has a valid Group Life Insurance Policy for the FCTA and Area Councils.

Kogi State

Enacted the Kogi State Pension Reform Law 2018 on 13 March 2018.
Established a Pension Bureau.
Began process of registering employees with PFAs.
Conducted an Actuarial Valuation to determine the employees’ Accrued Pension Rights in 2018. However, the State is in the process of revalidating the 2018 actuarial valuation.
Yet to commence remittance of Pension Contributions.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of the Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Kwara State

Presented a Bill on the CPS to the State House of Assembly in 2016
Yet to enact the Law on the CPS.
Yet to establish a Pension Bureau.
Yet to register the Employees with PFAs.
Yet to commence remittance of pension contributions for the employees.
Yet to conduct Actuarial Valuation to determine the employees’ Pension Rights.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of the Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Nasarawa State

Enacted the Nasarawa State Pension Reform Law in 2005. Repealed and reenacted a new law in April 2009. The State further amended its law in 2019 and subsequently drafted a new Bill in 2021.
Yet to establish a Pension Bureau.
Yet to register the Employees with PFAs.
Yet to commence remittance of pension contributions for employees.
Yet to conduct Actuarial Valuation to determine the employees’ Accrued Pension Rights.
Yet to open a Retirement Benefits Bond Redemption Fund Account
Yet to commence funding of the Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Niger State

Enacted the Niger State Pension Reform Law in 2006.
Suspended implementation of the CPS in April 2015 and resumed in 2017 with the amended Law of 2017 which extended the transition period. The law was further amended in 2020 .
Established Pension Bureaux for the State and Local Governments.
Registered the Employees with PFAs.
Resumed deduction of 10% employer and 8% employee pension contributions in June 2020.
Remitted employer and employee contributions up to July 2021.
Opened a Retirement Benefits Bond Redemption Fund Account with two PFAs.
Yet to remit backlog of employer and employee pension contributions to employees RSAs.
Yet to conduct an Actuarial Valuation to determine the employees’ Accrued Pension Rights.
Yet to commence funding of the Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Plateau State

Drafted a Bill on the CPS in 2021. The Bill has passed the second reading at the State House of Assembly.
Yet to enact a Law on the CPS to guide implementation of the Scheme.
Yet to establish a Pension Bureau.
Yet to register the Employees with PFAs.
Yet to commence remittance of pension contributions for the employees.
Yet to conduct Actuarial Valuation to determine the employees’ Accrued Pension Rights.
Yet to open a Retirement Benefits Bond Redemption Fund Account.
Yet to commence funding of Accrued Pension Rights.
Yet to institute a Group Life Insurance Policy.

Check below for PensionNigeria breakdown of all the important aspects of the PenCom 4th Quarter 2022 Report

DONT MISS our 4th Quarter 2022 Report Series

Update on RSA Transfer System (RTS) 4th Quarter 2022
List of Organisations Issued Compliance Certificates in the Year 2022
Total RSA Registration as at 31 December 2022
Status of Contributory Pension Assets as at 31 December 2022
Micro Pension Registrations per PFA & Fastest Growing PFAs as at 31 December 2022
Status of Implementation of CPS in States as at 31 December 2022
Director General’s Remarks on PenCom 4th Quarter 2022 Report
Analysis of Pension Operating Environment 4th Quarter 2022
Appointment & Resignation of Pension Operators’ Board Members and Top Management Q4 2022
Recovery Agents recover ₦24.15 billion from Defaulting Employers as PenCom takes 34 Employers to Court
Update on NSITF & Refund of Pension Contribution to Military & SSS Q4 2022
Update on ₦2 Billion Monthly Commitment by Lagos State Govt to defray Outstanding Accrued Rights of Retirees as at Dec 2022
Ekiti State appoints Veritas PFA to manage Retirement Benefit Bond Redemption Fund
Rivers State extends its transition period to Contributory Pension Scheme
PenCom responds to query on refund of Pension Contributions to Zamfara State
Micro Pension Contributions received per PFA Q4 2022
Update on the Micro Pension Plan Q4 2022
RSA Registrations per PFA for 4th Quarter 2022
RSA Registration Age and Gender Breakdown for Q4 2022
PenCom approved over N1.72 Trillion for PFAs to pay RSA Holders as at Q4 2022
More reports will be added here once available

Also Check out
Performance of all PFAs in Nigeria for Full Year 2022

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