Pension fund\u00a0contribution has\u00a0grown to N2.4 trillion as at November, 2011, the Director-General, National Pension Commission (PenCom), Mohammad Ahmad, has said.\u00a0<\/span><\/p>\n Ahmad, who disclosed this yesterday at a workshop organised by PenCom for journalists in Enugu, said \u00a04.92 million Nigerians have registered for the scheme, adding that presently, about 40,794 retirees from the public and private sectors are collecting their monthly pensions either by programmed withdrawal or annuity.\u00a0<\/span><\/p>\n \u00a0He stated that over N115.6 billion has been paid to retirees as lump sum at the point of retirement and that about N 1.284 billion is collected as monthly pension.\u00a0<\/span><\/p>\n \u201cPensioners have collected over N 115.6 billion as lump sum at the point of retirement and are collecting about N 1.284 billion as monthly pension. Additionally, assets worth N2.4 trillion have been accumulated as at November, 2011,\u201d he said. \u00a0<\/span><\/p>\n Ahmad said the Commission has sustained its regulatory and supervisory philosophy, which is risk-based and consultative, with particular emphasis on issuance of guidelines and regulations, surveillance of licensed operators, compliance and enforcement, supervision of investment of pension funds and maintenance of a databank on pension matters.\u00a0<\/span><\/p>\n