05. What are the basic features of the CPS? – PensionNigeria

05. What are the basic features of the CPS?

The basic features of the CPS are:

  1. It is contributory.
  2. It is fully funded.
  3. It is based on individualized Retirement Savings Account (RSA).
  4. It is privately managed by Pension Fund Administrators (PFAs) under the custody of Pension Fund Custodians (PFCs).
  5. Provision of Group Life Insurance.
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