16/04/2026
PenCom to make Pension Protection Fund contributions mandatory for workers.
The National Pension Commission (PenCom) is set to make contributions to the Pension Protection Fund (PPF) mandatory for Nigerian workers, aiming to boost retirement security and ensure a dignified life for retirees.
This disclosure was made by the Director-General of PenCom, Omolola Oloworaran, during a roundtable discussion with the leadership of the Trade Union Congress of Nigeria (TUC) on Tuesday.
The Pension Protection Fund, established under the Pension Reform Act of 2014, is designed to provide financial assistance to pensioners with low balances in their Retirement Savings Accounts (RSAs).