Salary Structure of National Pension Commission (PenCom)
The National Pension Commission (PenCom) is the regulatory body for the pension industry in Nigeria.
It was established in 2004 by the Pension Reform Act, which introduced a contributory pension scheme to replace the defined benefit scheme that was in place at the time.
The PenCom salary structure is based on a number of factors, including employee experience, qualifications, and position.
The entry-level salary for PenCom employees is generally higher than the average salary for entry-level workers in other sectors of the Nigerian economy.
Entry-level salaries for different positions at PenCom
Analyst: ₦2.5 million – ₦3 million
Associate: ₦3 million – ₦3.5 million
Officer: ₦3.5 million – ₦4 million
Senior Officer: ₦4 million – ₦5 million
Assistant Manager: ₦5 million – ₦6 million
Manager: ₦6 million – ₦7 million
Senior Manager: ₦7 million – ₦8 million
Assistant Director: ₦8 million – ₦9 million
Deputy Director: ₦9 million – ₦10 million
Director: ₦10 million – ₦12 million
Executive Director: ₦12 million – ₦15 million
Director-General: ₦15 million – ₦20 million
FAQs
What is the highest salary at PenCom?
The highest salary at PenCom is the salary of the Director-General, which is estimated to be between ₦15 million and ₦20 million per annum.
What is the starting salary for fresh graduates at PenCom?
The starting salary for fresh graduates at PenCom is generally between ₦2.5 million and ₦3 million per annum.
Does PenCom pay bonuses?
Yes, PenCom employees are eligible for bonuses, which are typically paid out at the end of the year. The amount of the bonus depends on the employee’s performance and the overall performance of the organization.
Does PenCom offer other benefits besides salary and bonus?
Yes, PenCom employees are also entitled to a number of other benefits, such as
Health insurance
Pension plan
Housing allowance
Transportation allowance
Paid time off
Training and development opportunities
