PENCOM to inaugurate micro pension scheme in 2019

The acting director-general, National Pension Commission, PENCOM, Aisha Dahir-Umar, said that the Commission had released framework and guidelines for Micro-Pension Scheme to take off in first quarter of next year.

Mrs Dahir-Umar, who was represented by Datti Yola, head of Surveillance Department, PENCOM, said this at the Compliance Officers Forum held in Uyo on Monday.

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She said that the micro-pension scheme was aimed at capturing the informal sector such as artisans, tailors and other self-employed to plan and save for their retirement.

“It is also important to mention that the commission recently released the framework and guidelines for the implementation of Micro-Pension Scheme, which is targeted at increased participation of employees in the informal sector.

Read full story: https://dailynigerian.com/pencom-to-inaugurate-micro-pension-scheme-in-2019/

“Multi fund structure and revised guidelines for Fund Accounting as well as revised Circular for Branch opening and Service for PFNs,” she said.

She said that to promote a stable and sustainable pension industry, the commission adopted zero tolerance for non compliance and consultative supervisory philosophy in issuance of guidelines.

The director-general advised operators of the National Pension Schemes to guard against any form of threat in an attempt to swindle those in the industry.

Read full story: https://dailynigerian.com/pencom-to-inaugurate-micro-pension-scheme-in-2019/