Saturday, May 18, 2024

PenCom directs PFAs to implement pension enhancement for retirees

The National Pension Commission on Monday directed Pension Fund Administrators to implement pension enhancement for retirees on Programmed Withdrawal under the Contributory Pension Scheme.

PenCom’s Head of Corporate Communication, Mr Peter Aghahowa, who made this known in a statement in Abuja, said that the commission also informed the public to take note of the directive.

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“The general public is hereby informed that all PFAs have been directed to implement the second edition of the pension enhancement exercise for retirees on Programmed Withdrawal mode of retirement

”The pension enhancement is for CPS retirees who have accumulated significant growth in their Retirement Savings Accounts and had retired between July 2007 and December 2017. ”

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According to Aghahowa, the retirees referred to above are by this notice advised to contact their respective PFAs to confirm their eligibility and complete requisite documentation.

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