Implement pension enhancement for retirees, PenCom directs PFAs




Pensioners participating during the capturing exercise

The National Pension Commission (PenCom) has directed Pension Fund Administrators (PFAs) to implement the second edition of the pension enhancement exercise for retirees on Programmed Withdrawal mode of retirement.


In a statement made available to journalists on Monday in Abuja, the Commissiin urged all retirees to visit their respective PFAs and update their documents. 


The statement reads: “The National Pension Commission hereby informs the general public that all Pension Fund Administrators (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 Contributory Pension Scheme (CPS) retirees who have accumulated significant growth in their Retirement Savings Accounts (RSAs) and had retired between July 2007 and December 2017. 


“Accordingly, the retirees referred to above are by this notice advised to contact their respective Pension Fund Administrators (PFAs) to confirm their eligibility and complete requisite documentations,” the statement concluded.

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