11 Jun Pension Reform Act 2014

About the Law

This is a Nigerian law which repeals the Pension Reform Act No. 2 2004 and enacts the Pension Reform Act, 2014 to continue to govern and regulate the administration of the uniform contributory pension scheme for both the public and private sectors in Nigeria.

Some key provisions

  • Establishment of a Contributory pension scheme
  • Provisions on the rate of contribution, exemptions, and management of the scheme
  • Establishment of a National Pension Commission
  • Pension Fund Administrators and Pension Fund custodians

You can read the full provisions of the law here – Pension Reform Act 2014.

Thank you for reading this post, if you have found it useful please share with your network using one of the share buttons below. If you have any suggestions or feedback, please send us an email at [email protected]

 

We hope you have found this information helpfulPlease note that this information is provided for general informational purposes only and is not intended to be legal advice. No lawyer-client relationship is formed nor should any such relationship be implied. This answer is not intended to substitute for the advice of a qualified lawyer. If you require legal advice, please consult with a qualified lawyer. If you would like to find out more about a consultation, you may click on the button below.

Schedule a Consultation

No Comments

Sorry, the comment form is closed at this time.