WHAT HAPPENS TO THE PENSION FUNDS CONTRIBUTEDUNDER THE NIGERIAN SOCIAL INSURANCE TRUST FUND(NSITF) BEFORE THE NEW PENSION SCHEME?

The pension funds contributed to the NSITF before the commencement
of the new pension scheme including the income shall remain with the
NSITF for a minimum period of five years from the commencement of
the Pension Reform Act 2004. NSITF shall establish a company to be
licensed by the National Pension Commission as a PFA which will
manage the pension funds in accordance with the provisions of the
Pension Reform Act 2004.




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