Pension Reform Act 2014: The Highlights

2014-08-06T16:43:24-07:00August 6th, 2014|Categories: Pension Reform|Tags: , |

The Pension Reform Act 2014 (“The Act”) was enacted by the National Assembly of the Federal Republic of Nigeria on July 1, 2014 to repeal the Pension Reform Act No. 2 of 2004 (“the 2004 Act”). The objective of the Act is to create a more effective pension administration system in Nigeria, to boost general participation in the Pension Reform Scheme and to legally enforce worker “welfarism”. A major innovation of the Act is the creation of a uniform [...]