Salary structure of National Pension Commission (PenCom)
As an employee of the National Pension Commission (PenCom), it is important to understand the salary structure and how to advance within the institution.
This institution, which was established by the Pension Reform Act of 2014, is responsible for regulating and supervising the Nigerian pension industry.
In this article, we will discuss the salary structure of the National Pension Commission (PenCom) .
Salary Structure of National Pension Commission (PenCom)
The salary structure of the National Pension Commission (PenCom) is based on the Consolidated Public Service Salary Structure (CONPSS) and is divided into various grade levels.
The grade levels and their corresponding salaries are as follows:
1. Grade Level 07 – ₦1,073,217 to ₦1,252,256
2. Grade Level 08 – ₦1,247,854 to ₦1,619,440
3. Grade Level 09 – ₦1,497,184 to ₦1,831,892
4. Grade Level 10 – ₦1,813,768 to ₦2,020,333
5. Grade Level 12 – ₦2,455,323 to ₦3,192,535
6. Grade Level 15 – ₦4,958,792 to ₦5,499,836
7. Grade Level 16 – ₦5,662,697 to ₦6,316,676
8. Grade Level 17 – ₦7,260,394 to ₦7,972,745
It is important to note that these salaries are subject to change and may vary based on factors such as years of experience, academic qualifications, and responsibilities within the institution.
FAQs
What are the educational requirements to work at PenCom?
The educational requirements for working at PenCom vary based on the role.
Although, most positions require at least a bachelor’s degree in a relevant field.
Does PenCom offer a pension scheme for its employees?
Yes, PenCom offers a pension scheme for its employees in compliance with the provisions of the Pension Reform Act.
