Promoting the operations of the pension industry in Nigeria.

We are an independent, non-governmental, non-political and non-profit making body established to ensure that international best practices relating to the industry are observed by the operators registered in Nigeria.

Our Numbers from inception to 1st June, 2023

10,025,314

CPS Contributors

₦ 1.158 Trillion

Lump Sum

584,172

Retirees

219.8 Million

Nigeria's Population

₦ 17.06 Trillion

Current AUM

21,538

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Uncredited Contribution Guide

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Uncredited Contribution Beneficiaries

2023 Second Quarter Report - Pencom

The National Pension Commission, recently released its highly anticipated Q2 report which provides crucial insights and updates on the performance and state of the pension industry during the Second quarter of the year 2023.

The release of this report plays a vital role in keeping stakeholders informed and facilitating informed decision-making in the pension sector.

Did you know...

...that you can access 25% of your Retirement Savings Account or Micro pension Account to be used for a Mortgage.

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RSA Holders or Micro pension contributors who have consistently saved for a period of 5 years or 60 months can now have access to 25% of their savings in their RSA account to be used for the purpose of acquiring a house from a verified mortgage lender.

…that you can transfer from one Pension Fund Administrator (PFA) to another within 1 year or 365 days

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RSA Holders or Micro pension contributors can now initiate a transfer from one PFA to another through the RSA Transfer System (RTS) which is a computer-based application.

…that you can switch between the different fund structures

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The industry has 6 fund structures (with Fund II being the default fund for all RSA holders) and contributors can switch to or from one fund structure to another.

… that with a Micro pension account you are eligible for a 40% contingency withdrawal

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Micro pension is a voluntary contribution for those with less than 3 employees as well as the informal sector of the country (semi-formal, organized informal and unorganized informal).