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Month: February 2022

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Application Requirement For The Pension Clearance Certificate (PCC) – PenCom

The Pension Reform Act, 2014 (PRA, 2014) mandates all organizations with at least three employees to participate under the Contributory Pension Scheme (CPS). Consequently, the National Pension Commission (PenCom) issues…

MPB begins payment of pension arrears to over 90,000 retirees

The Military Pensions Board (MPB) has begun paying over 90,000 eligible military pensioners across the country their 24-month arrears of minimum wage increment. This was disclosed by the Chairman of…

The Micro Pension Plan (MPP) and its many benefits – Part 1

Introduction The Micro Pension Plan (MPP), also known as the Fund V in the Multi-Fund structure, was introduced to cover the informal sector which comprises self-employed individuals and SMEs. Until…

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