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.

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