THE National Pension Commission (PenCom) on Saturday urged pensioners and pension contributors not to give any inducement to facilitate the payment of their retirement benefits and issuance of Compliance Certificates. A statement signed by the Acting Director-General of PenCom, Mrs Aisha Dahir-Umar, in Abuja said the warning was to prevent pensioners and pension contributors from being duped. The commission said pensioners and pension contributors should hint it about anyone who demands a bribe or any form of inducement in whatever form from themPenCom said it was dedicated to safeguarding the rights of pensioners and pension contributions and the payment of retirement benefits as and when due. ALSO READ: 2019: Oil magnate, Dapo Abiodun, joins Ogun governorship race“The reform has instituted transparent processes in the operations of PenCom and the Pension Fund Administrators (PFAs) in retirement benefits payments. The commission said consistent with the above, the payment of retirement benefits under the Contributory Pension Scheme (CPS) is made by the PFAs strictly from the Retirement Savings Accounts (RSA) of pension contributors.

Source: Nigerian Tribune August 18, 2018 16:41 UTC