The Micro Pension Plan (MPP) is a beacon of financial stability for informal sectors at retirement. It offers a reliable income stream during retirement and effectively combats old-age poverty. The MPP distinguishes itself through its straightforward, accessible, and flexible process.
An essential appeal of the MPP is the flexibility it affords contributors regarding contributions and accessing a portion of their savings before retirement. This flexibility, designed by the National Pension Commission (PenCom), aims to alleviate the constraints of the mandatory Contributory Pension Scheme (CPS) and encourage broader participation in the MPP.
