Global Depository Notes News Today

For decades, pension and other social benefit matters have received significant attention in many countries. A lot of reforms and decisions are being taken to address the challenges associated with the existing pensions leading to changes in the ways pension assets and benefits were managed and distributed to the target groups, especially retirees and ‘senior citizens’. In Nigeria, it has been a staggered history of pension since 1951, through the public sector pension scheme, the establish...

• No Sensitive Govt Would Talk Of Borrowing Pension Funds With Many Unresolved Issues – Nworgu • Assets Can Only Be Invested By PFAs, PenCom Insists • Most States Yet To Adopt Contributory Pension Scheme (CPS) • Only FCT, Lagos, Osun, Kaduna, Delta Pay Pensions Under CPS As the controversy rages over the impracticability, availability, legality, or otherwise of state governors borrowing N17trillion from the pension funds, labour unions, retirees insist that trust and accountability de...