How Contributory Pension Scheme Delivers Financial Security Amidst Job Loss Challenges

In a sustained stride towards ensuring the financial security of workers under the Contributory Pension Scheme (CPS), the National Pension Commission (PenCom) approved the disbursement of N20.35 billion to 21,549 Retirement Savings Account (RSA) holders who were disengaged from work in the first half of 2023.

The action demonstrates PenCom’s dedication to upholding the rights of Retirement Savings Account (RSA) holders in the event of a temporary job loss, as stated in the Pension Reform Act of 2014 (PRA 2014).