Pension Reform Act (PRA) 2014 Breakdown with comments.
Section 1 – Objective of PRA 2014
Section 1b states that;
(b) make provision for the smooth operations of the Contributory Pension Scheme;
PensionNigeria Comment on PRA 2014 Section 1b
This objective like the first objective in Section 1a has been achieved because PenCom has released lots of Circulars that guides the operations of Pension Fund Administrators. Some of the Circulars are
Circular on Recruitment of Top Management and HODs
Circular on the opening of Branches,
Circular on the operations of a PFA
Circular on Minimum information to be displayed on the website.