Pension Reform Act 2014 Section 2(2) – PensionNigeria

Pension Reform Act 2014 Section 2(2)

Pension Reform Act (PRA) 2014 Breakdown with comments.

Section 2 – Application of PRA 2014
Subsection 2 states that;
(2) In the case of the Private Sector, the Scheme shall apply to employees who are in the employment of an organization in which there are 3 or more employees.

PensionNigeria Comment on PRA 2014 Section 2(2)
This means that If you work in a company with at least 3 employees, you are required to contribute under the Scheme. This ensures that more people working in small organisations are mandatorily covered under the Scheme.