Prior to the enactment of the Pension Reform Act 2004, pension schemes in Nigeria had been bedevilled by many problems. The Public Service operated an unfunded Defined Benefits Scheme and […]
Read MoreAfter 10 years of implementing the pension reforms in Nigeria, the Pension Reform Act 2014 was signed into law to address the challenges faced in the implementation processes. In addition, […]
Read MoreThe Commission shall have the power to: Formulate, direct and oversee the overall policy on pension matters in Nigeria. Fix the terms and conditions of service including remuneration of the […]
Read MoreThe Pension Reform Act 2004 established the National Pension Commission (PenCom) as the body to regulate, supervise and ensure the effective administration of pension matters in Nigeria. The functions […]
Read MoreThe main objectives and features of the Pension Reform Act 2004 are: To ensure that every person who worked in either the Public Service of the Federation, Federal Capital Territory […]
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