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PenCom to amend Pension Reform Act after 12 years

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PenCom to amend Pension Reform Act after 12 years

08 Jul, 2026

 

The National Pension Commission (PenCom) has commenced a review of the Pension Reform Act, 2014, 12 years after its last amendment, in a move aimed at modernising Nigeria’s pension system, closing implementation gaps and improving retirement benefits for millions of workers. PenCom Director-General, Omolola Oloworaran, disclosed this on Tuesday after the third meeting of the Pension Industry Leadership Council held in Abuja. She said the review had become necessary to align the law with current realities and support ongoing reforms in the pension industry... .............................READ MORE