Non-remittance Of Pension …C0NTINUE READING HERE >>>
Former president Olusegun Obasanjo introduced the Contributory Pension Scheme (CPS) in 2004, which aimed to promote a culture of savings among workers. Under this scheme, both employees and employers are expected to make contributions to the pension fund, thereby fostering a habit of disciplined saving for retirement.
Twenty years later, Nigeria’s pension system is a story of contrasts as the failure of employers in both private and public sectors to remit pensions to the relevant authorities has defeated the aim of the noble initiative of the former President.
The Pension Reform Act…
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