National Pension Commission (Pencom) Offices, Pension Reform Act of 2004 established the National Pension Commission (PenCom) as a body to regulate, supervise and ensure effective administration of pension matters in Nigeria.
The National Pension Commission reform programme is governed by key principles of sustainability,
- safety and security of benefits,
- uniformity and practicability.
What percentage of salary is pension in Nigeria?
Nigeria Today: Employer Contribute 10 Percent to Pension, Employee 8 Percent.
What is PFA in pension?
A Pension Fund Administrator (PFA) a company licensed by National Pension Commission to manage and invest the pension funds in the employee’s Retirement Savings Account (RSA).
What are the functions of pension fund administrators?
The functions of the PFA are
To open Retirement Savings Account (RSA) for employees;
Invest and manage pension fund assets;
Payment of retirement benefits and accounting for all transactions relating to the pension funds under their management.
How do pensions work?
A pension plan is a retirement plan where employee adds money into a fund that includes contributions by the employer.
The Core Values National Pension Commission (Pencom)
National Pension Commission (Pencom) Offices
No 174 Adetokunbo Ademola Crescent, Wuse 2, Abuja, Nigeria
P: 0700-CALLPENCOM (0700-225 -573-6266) +234 9460 3930 ,
Plot 1, Aderemi Adeleye Street,
Off Fate Road, GRA
Ilorin, Kwara State
Tel: (+234) 805 599 9341
Plot No. 10,
Gombe, Gombe state
Tel: (+234) 805 599 9339
No. 22, Kazaure Road,
Tel: (+234) 805 599 9335
88A Oduduwa Crescent,
Tel: (+234) 805 599 8808
Road 1/47 , Udoka Housing Estate
Awka, Anambra State
Tel: (+234) 805 599 9337