Frameworks

FRAMEWORK AND IMPLEMENTATION GUIDELINES FOR RSA RETIREE FUND

NATURE OF THE FUND The Fund shall be strictly for RSA Retirees in both the Private and Public Sectors. COVERAGE The Fund shall be restricted to RSA retirees in the first instance. AES &CPFAs shall continue in line with the rules governing their approved schemes. It shall be for retirees operating the Programmed Withdrawal retirement […]

Download

FRAMEWORK FOR RECOVERY OF OUTSTANDING PENSION CONTRIBUTIONS AND INTEREST PENALTY FROM DEFAULTING EMPLOYERS

Section 11 (5) (b) of the Pension Reform Act (PRA 2004) provides that the employer shall not later than 7 days from the day the employee is paid his/her salary, remit an amount comprising the employee’s and employer’s pension contributions to the custodian specified by the Pension Fund Administrator (PFA) of the employee. Furthermore, Section […]

Download

REGIME OF SANCTIONS AND PENALTIES FOR NON/LATE SUBMISSION OF REGULATORY RETURNS

Regime of Sanctions and Penalties for Non/Late Submission of Regulatory Returns

Download

FRAMEWORK FOR THE SUPERVISION OF STATES AND LOCAL GOVERNMENT SCHEMES

The Framework for the Supervision of States and Local Governments Schemes sets out the implementation processes and supervisory machinery to be adopted in ensuring effective and smooth operations of the Schemes at the State and Local Government levels, and also for supervising the activities of the State Pension Bureaux by the National Pension Commission.

Download

FRAMEWORK FOR RESOLUTION OF FAILING OPERATORS IN THE NIGERIAN PENSION INDUSTRY

The framework for resolution of failing Operators in the Nigerian Pension Industry is issued by the National Pension Commission (Commission) in the exercise of its powers under Sections 20 and 54 of the Pension Reform Act 2004 (PRA 2004). The framework is intended to standardize its actions in dealing with failing Operators.

Download

FRAMEWORK ON SANCTIONS AND PENALTIES FOR NON COMPLIANCE WITH PRA 2004

FRAMEWORK ON SANCTIONS AND PENALTIES FOR NON COMPLIANCE WITH PRA 2004

Download

FRAMEWORK FOR REGIME OF SANCTIONS AND PENALTIES

This Framework covers operators (i.e. Pension Fund Administrators and Custodians) as well as Employers. It is expected that employee related compliance issues would be handled through their employers and awareness campaigns.

Download

FRAMEWORK AND IMPLEMENTATION GUIDELINES FOR RSA RETIREE FUND

FRAMEWORK AND IMPLEMENTATION GUIDELINES FOR RSA RETIREE FUND

Download
Maybeach Technology