Sequel to the release of the Guidelines for the Micro Pension Plan (MPP), the National Pension Commission (the Commission) identified the need to intensify public enlightenment in a sustained manner, in order to raise the level of awareness and acceptability of the MPP as a critical success factor. This Framework spell out the modalities for […]
DownloadThe provisions of the Pension Reform Act 2014 (PRA 2014) applies to all employees in the Public Service of the Federation, Federal Capital Territory, States and Local Governments and the Private Sector Organizations in which there are three or more employees. However, Section 2(3) of the Act provides that employees of organizations with less than […]
DownloadThe provisions of the Pension Reform Act 2014 (PRA 2014) applies to all employees in the Public Service of the Federation, Federal Capital Territory, States and Local Governments and the Private Sector Organizations in which there are three or more employees. However, Section 2(3) of the Act provides that employees of organizations with less than […]
DownloadNATURE 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 […]
DownloadSection 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 […]
DownloadRegime of Sanctions and Penalties for Non/Late Submission of Regulatory Returns
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