Tag: Travel

Multi Fund Structure

Multi Fund Structure

Introduction The National Pension Commission (PenCom) recently published/released the Amended Regulation on Investment of Pension Fund Assets for the Pension Industry precisely in April 2017. The new investment guideline introduces a multi-fund structure, which would replace the one fund structure…

New Guide Line on Voluntary Contributions Withdrawal

New Guide Line on Voluntary Contributions Withdrawal

SUBJECT:       WITHDRAWALS FROM VOLUNTARY CONTRIBUTIONS 1.0 Section 4 (3) of the Pension Reform Act, 2014 allows active employees under the Contributory Pension Scheme (CPS) to contribute voluntarily in addition to the mandatory contributions into their respective Retirement Savings Account (RSA) in…

Micro Pensions Scheme

Micro Pensions Scheme

The Pension Reform Act (PRA) 2014 expanded coverage of the Contributory Pension Scheme (CPS) to employees of organizations with less than three employees as well as the self-employed persons. These categories of persons, mainly in the informal sector, constitute the…