PenCom announces enhanced pension package for police personnel

The Police Pension Fund (PenCom) announced an upgraded pension package for Nigerian police personnel, raising the monthly pension from the current N150,000–N250,000 to a minimum of N300,000 for retirees and increasing the pensionable age from 55 to 60. The new scheme also introduces a higher pension ceiling, improved survivor benefits, and a one‑time “pension top‑up” payment for those who retired under the old terms. The changes are slated to take effect from the 2025 fiscal year, pending legislative approval. Views Nigeria