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20 things Every Nigerian Employees should know about the #PensionScheme
The Pension Reform Act (PRA) set rules&standards for the payments of retirement benefits to ensure that every person who worked in either Public Service&private sector @TutuAbbey @AbdulMahmud01 @monye_morris
The Pension Reform Act (PRA) set rules&standards for the payments of retirement benefits to ensure that every person who worked in either Public Service&private sector @TutuAbbey @AbdulMahmud01 @monye_morris
in the Federation, FCT, States,Local Governments or the Private Sector receives his retirement benefits as and when due; and assist improvident individuals by ensuring that they save in order to cater for their livelihood during old age.
1. The PRA establishes a Contributory #PensionScheme for public and private sector employees
2. Contributory pension applies to private companies with over 15 workers.
3. The Employer and the employee contribute a percentage of the employees’ salary to the scheme every month.
2. Contributory pension applies to private companies with over 15 workers.
3. The Employer and the employee contribute a percentage of the employees’ salary to the scheme every month.
