03. How is the CPS different from the Defined Benefits Pension Scheme? – PensionNigeria

03. How is the CPS different from the Defined Benefits Pension Scheme?

Under the CPS, both the employer and employee contribute certain percentages of the employee’s monthly emoluments to build a retirement fund from which benefits are paid at retirement while under the Defined Benefits (DB) Scheme, total pension obligation is borne by the employer.

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