National Pension Commission
E884107
The National Pension Commission is Nigeria’s federal regulatory body responsible for overseeing and regulating the country’s pension industry and ensuring the effective administration of retirement benefits.
All labels observed (1)
| Label | Occurrences |
|---|---|
| National Pension Commission canonical | 1 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
government agency
ⓘ
pension regulator ⓘ |
| abbreviation | PenCom NERFINISHED ⓘ |
| beneficiaries |
Nigerian workers in private sector
ⓘ
Nigerian workers in public sector ⓘ |
| canImpose | sanctions on non‑compliant pension operators in Nigeria ⓘ |
| country | Nigeria ⓘ |
| ensures |
compliance with Pension Reform Act in Nigeria
ⓘ
safety of pension assets in Nigeria ⓘ |
| establishedFor | reform of Nigeria’s pension system ⓘ |
| goal |
ensure retirement income security for Nigerian workers
ⓘ
promote a sustainable pension system in Nigeria ⓘ |
| headquartersCountry | Nigeria NERFINISHED ⓘ |
| headquartersLocation | Abuja NERFINISHED ⓘ |
| jurisdiction | Federal Republic of Nigeria NERFINISHED ⓘ |
| languageOfOperation | English ⓘ |
| legalBasis |
Pension Reform Act 2004
NERFINISHED
ⓘ
Pension Reform Act 2014 NERFINISHED ⓘ |
| monitors |
management of pension funds in Nigeria
ⓘ
pension contributions remittances in Nigeria ⓘ |
| parentOrganization | Federal Government of Nigeria NERFINISHED ⓘ |
| policyArea |
retirement benefits
ⓘ
social protection ⓘ |
| regulates |
Nigerian pension industry
ⓘ
pension fund administrators in Nigeria ⓘ pension fund custodians in Nigeria ⓘ retirement savings accounts in Nigeria ⓘ |
| regulatoryScope |
private sector pensions in Nigeria
ⓘ
public sector pensions in Nigeria ⓘ |
| responsibility |
approval of pension fund investment guidelines
ⓘ
enforcement of compliance with pension laws in Nigeria ⓘ ensuring effective administration of retirement benefits in Nigeria ⓘ issuance of guidelines for pension administration in Nigeria ⓘ licensing of pension fund administrators ⓘ licensing of pension fund custodians ⓘ oversight of contributory pension scheme in Nigeria ⓘ protection of pension assets in Nigeria ⓘ public education on pension matters in Nigeria ⓘ regulation of pension operators in Nigeria ⓘ |
| sector |
pensions
ⓘ
social security ⓘ |
| shortName | PenCom NERFINISHED ⓘ |
| supervises | Contributory Pension Scheme of Nigeria NERFINISHED ⓘ |
| typeOfAgency | independent regulatory commission ⓘ |
| website | https://www.pencom.gov.ng/ ⓘ |
| worksWith |
Central Bank of Nigeria
NERFINISHED
ⓘ
Federal Ministry of Finance of Nigeria NERFINISHED ⓘ National Insurance Commission of Nigeria NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.