06. What are the rates of contributions under the CPS? – PensionNigeria

06. What are the rates of contributions under the CPS?

The minimum rate of contribution is 18% of the employee’s monthly emoluments where 10% is contributed by the employer and 8% is contributed by the employee. However, the employer may decide to bear the full responsibility of the contribution provided it is not less than 18% of the monthly emolument of the employee.

error: Content is protected.