PenCom, NAICOM sign MoU on Retiree Life Annuity

pencom in mou agreement on Retiree Life Annuity

The National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) on Tuesday signed a Memorandum of Understanding (MoU) to revise a regulation on Retiree Life Annuity and guidelines on Group life Insurance policy. Mr Peter Aghahowa, Head, Corporate Communications Department, PenCom said in a statement that the regulation was for employees and Contributory Pension Scheme (CPS) retiree pack. Aghahowa explained that the revised regulations and guidelines provide clarity on the Provisions of the Pension Reform Act (PRA) of 2014 in areas relating to Retiree Life Annuity. He said that…

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