368,911 Employees Move N1.77trn in Retirement Savings

368,911 Employees Move N1.77trn in Retirement Savings

By Adedapo Adesanya The National Pension Commission (PenCom) has revealed that 368,911 workers have changed their Pension Fund Administrators (PFAs) and transferred their Retirement Savings Accounts worth N1.77 trillion to new PFAs under the Contributory Pension Scheme (CPS) as of the end of March 2025. The pension industry regulator disclosed this in its Quarterly Summary […]

Retirement Roulette: How Wall Street and Washington Failed Retirees Pension Crisis Retirement Roulette

The American retirement system has become a high-stakes game of roulette — and for millions, the ball is landing on zero.  Imagine saving for decades, doing everything right — contributing to your pension, trusting the system, and expecting a dignified retirement. But when the time comes, there’s not enough money. That, my friend, is a pension crisis. It’s what happens when governments, corporations, and even unions, promise retirement benefits……