In Nigeria, every worker is expected to have a Retirement Savings Account (RSA). This is the position of the PRA 2004 (as amended).
The Pension Reform Act mandates employers of labour (individual and government) to enroll in the Contributory Pension Scheme (CPS).
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Pension industry regulation in Nigeria is dated as far back as 1961 with the establishment of the National Provident Fund by an Act of parliament. This later morphed into the…
Retirement from active employment is inevitable. At some point, an employee will have to retiree either voluntarily or statutorily. At retirement, the most important thing for a retiree is his…
The Contributory Pension Scheme (CPS) since its inception in 2004 has introduced a lot of innovations into the Nigerian pension industry space. Read more