PenCom reassures readiness to have all Nigerians into its operations, spreads its dragnet to capture everyone into CPS nationwide

By allcitynews.blog The leadership of National Pension Commission (PenCom) has reassured the readiness to bring all Nigerians into its operations by spreading its dragnet to capture everyone into the Contributory Pension Scheme (CPS). By this move, the apex pension body has remained unwavering in its commitment to ensuring full nationwide compliance with the Contributory Pension Scheme (CPS). Recognizing the critical role of pensions in securing the financial future of Nigerian workers, PenCom continues to engage with state governments, private sector organizations, and other stakeholders to drive the full adoption and implementation of the scheme across all sectors. As the primary regulatory authority overseeing pension administration in Nigeria, PenCom has developed robust policies and frameworks to facilitate the smooth transition from the old Defined Benefits Scheme (DBS) to the CPS. The Commission actively monitors compliance levels and provides technical support to state governments to help them align with the Pension Reform Act (PRA) 2014. As such it is ensuring adherence to CPS guidelines by both public and private sector employers. Conducting periodic audits and compliance checks to track the remittance of pension contributions. Reviewing and approving state pension laws to ensure they meet national standards. Providing advisory support to states that are in the process of adopting the CPS. To have more people into participating in this CPS, it has continue to make frantic move ensure that each pensioner across the nation has better days rest after hard working years after retirement. Although some states are still dragging their feet over the implementation of the CPS, PenCom has continue to engage their compliance. Do you wish to ADVERTISE Your Brand Or Need Event Coverage? Or Have Breaking story with pictorial evidence? Or wants to assist us by DONATIONS? kindly contact us via 09159744240/allcitynews86@gmail.com Goal of allcitynews.ng/allcitynews.blog:- To interface between policy makers & general public, be most influential, informative and reliable issues-based online newspaper. Disclaimer: Comments expressed here do not in anyway reflect the opinions of allcitynews.ng or any employee thereof.