Pensioners in Nigeria faced serious problems such as delay in
the release of pension fund and some other irregular activities before the enactment of the Pension Reform Act back in 2004.
Back then,most Nigerian workers under the private sector were not covered by the pension schemes,this acts continued until the federal government of Nigeria decided to enact an agency that will help with the pension crisis in Nigeria.
The National Pension Commission popularly called PENCOM was initiated during the administration of President Olusegun Obasanjo.
PENCOM Salary Structure
Q: How Much Does PENCOM Workers Earn Monthly?
The average entry level salary earned by PENCOM employees is between ₦ 130,000 –
₦140,000 per month after tax and pension deductions.
- The information on this page is subject to change,figures stated here are only estimates and not 100% accurate.
- PENCOM employees are usually entitled to several allowances,gratuity and pension from the Federal Government of Nigeria.
- Figures stated here represent net total amount with tax and pension deductions.