N5 Trillion Contributed by 8.3million Employees so far. – Pencom

The National Pension Commission (PenCom) recently disclosed that 8.3million employees in both the public and private sectors are currently captured under the contributory Pension Scheme (CPS)

According to commission, total contributinos received so far from both employers and employees now stands at 5trillion Naira. There is no doubt that the contributory Pension Scheme has opened the window of Investable funds for Nigeria for the first time given the history of the Pension Industry in Nigeria before the Pension Reformed Act 2004 amended 2014. The Pension Industry accumulated over N8. 73trillion worth assets as at 31 December 2018.

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