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Three years after the Pension Reform Act, 2014 mandated public and private sector organisations to increase the maximum pension contribution of both employers and employees to the Retirement Savings Account of workers from 15 percent of the total monthly emolument to 18 percent, the Federal Government has yet to comply with the law.

The PRA, 2014 states that employers should increase their contributions to the workers’ RSAs to 10 percent, while the employees contribution should rise to 8 percent from the former 7.5 percent each.

Read more

Three years after the Pension Reform Act, 2014 mandated public and private sector organisations to increase the maximum pension contribution of both employers and employees to the Retirement Savings Account of workers from 15 percent of the total monthly emolument to 18 percent, the Federal Government has yet to comply with the law.

The PRA, 2014 states that employers should increase their contributions to the workers’ RSAs to 10 percent, while the employees contribution should rise to 8 percent from the former 7.5 percent each.

Read more

Three years after the Pension Reform Act, 2014 mandated public and private sector organisations to increase the maximum pension contribution of both employers and employees to the Retirement Savings Account of workers from 15 percent of the total monthly emolument to 18 percent, the Federal Government has yet to comply with the law.

The PRA, 2014 states that employers should increase their contributions to the workers’ RSAs to 10 percent, while the employees contribution should rise to 8 percent from the former 7.5 percent each.

Read more

Three years after the Pension Reform Act, 2014 mandated public and private sector organisations to increase the maximum pension contribution of both employers and employees to the Retirement Savings Account of workers from 15 percent of the total monthly emolument to 18 percent, the Federal Government has yet to comply with the law.

The PRA, 2014 states that employers should increase their contributions to the workers’ RSAs to 10 percent, while the employees contribution should rise to 8 percent from the former 7.5 percent each.

Read more

Three years after the Pension Reform Act, 2014 mandated public and private sector organisations to increase the maximum pension contribution of both employers and employees to the Retirement Savings Account of workers from 15 percent of the total monthly emolument to 18 percent, the Federal Government has yet to comply with the law.

The PRA, 2014 states that employers should increase their contributions to the workers’ RSAs to 10 percent, while the employees contribution should rise to 8 percent from the former 7.5 percent each.

Read more

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