Tuesday, January 19, 2021

Pension assets rise by N184.68bn in three months

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Total assets under the Contributory Pension Scheme rose by N184.68bn in the third quarter of 2020.

The National Pension Commission in its third quarter report on the scheme said the aggregate total pension contributions of the private sector on the other hand increased by 2.19 per cent from N3.06tn as of the end of the second quarter, 2020 to N3.13tn as at the end of the reporting period.

The aggregate total pension contributions of the public sector increased by 3.76 per cent from N3.13tn as of the end of the second quarter, 2020 to N3.25tn as of the end of the reporting period.

The aggregate total pension contributions of the private sector on the other hand increased by 2.19 per cent from N3.06tn as of the end of the second quarter, 2020 to N3.13tn as at the end of the reporting period.