Thursday, November 7

PENCOM Targets Improved Benefits For Senior Citizens

By Dayo Omoogun Pension Fund Administrators (PFAs) in the country are to embark on the implementation of the 2nd edition of the pension enhancement exercise for retirees on programmed withdrawal category. This directive is contained in a press release circulated by the National Pension Commission on Monday. Giving further clarification, the Commission says the enhancement is for those Contributory Pension Scheme retirees that retired between 2007 and 2017 and have achieved substantial growth in their Retirement Savings Account (RSAs). The retirees in this category are therefore advised by the Commission to consummate this opportunity by confirming their eligibility and perfecting documentation requirements with their Pension Fund Administrators

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