Retirement is a significant milestone in every worker’s life, marking the transition from years of hard work to a period of reaping the fruits of labour. However, the journey to a stress-free retirement can be fraught with challenges, especially when the prospective retiree is not properly armed with information on early commencement of processes for accessing retirement benefits.
The Contributory Pension Scheme (CPS) was established to ensure that every worker in the public or private sector receives their retirement benefits as and when due. Understanding the workings of the CPS and fulfilling certain responsibilities can significantly ease the retirement process and eliminate delays in benefits payment.
