The Contributory Pension Scheme (CPS) is often described as fully-funded due to the individual Retirement Savings Accounts (RSAs) where monthly pension contributions are remitted. The individual RSAs opened with a Pension Fund Administrator (PFA) are pooled into a Fund and managed as investments in various allowable instruments.
Pension fund investments seek to ensure timely payment of benefits to employees upon retirement. Consequently, the overriding philosophy guiding investments is the maintenance of safety and fair returns.
