There will be a huge pool of long-term funds available for investments, which will lead to national economic development.
Pension Fund Administrators (PFAs) will issue regular statements of accounts and profit from investments to the employees.
Contributions to the new pension scheme are tax free.
No. Section 10(2) of the Pension Reform Act (PRA) 2014 exempts from tax all interests, dividends, profits, investment and other income accruable to pension funds and assets.
The new pension scheme will ensure that you receive your pension after retirement without any delay.