PenCom Reviews NSITF Pensions After 21yrs, Raises Payments By Over 1,100%
The National Pension Commission, PenCom, has approved a historic upward review of pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund, NSITF, increasing their total monthly pension payments from ₦12.56 million to ₦159.95 million. The review represents an over 1,100 per cent increase in total monthly pension payouts. The approval, granted by the Director General of PenCom, Ms. Omolola Oloworaran, is in line with the Federal Government’s commitment […]