Micro Pension PlanPopular Topics

Micro Pension Plan

The Micro Pension Scheme
The Micro Pension Plan is designed to ensure that self-employed persons and employees working in organizations with less than 3 employees are able to have a pension plan under the Contributory Pension Scheme. These category of persons are not mandatorily covered by the Pension Reform Act, therefore they are allowed to participate voluntarily.

Registration
Prospective Micro Pension Plan participants may register with any Pension Fund Administrator (PFA) of their choice. The minimum age of a prospective participants under the Micro Pension Plan is 18 years.

Contribution
Contributions could be made daily, weekly or monthly. Operators have designed ways through which participants can contribute easily.

Withdrawal
Every contribution shall be split into two portions.
40% available for contingent withdrawal, i.e you CAN withdraw it anytime – no questions asked.
60% retained and managed exclusively for pension, i.e you CAN NOT access it until you are 50 years old.

READ MORE about Micro Pension below

Update on the Micro Pension Plan
Micro Pension Contributions per PFA
Micro Pension RSA Fund 5 Return on Investment
Micro Pension Registrations per PFA & Fastest Growing PFAs
The Micro Pension Plan A Stage Play 
Micro Pension Frequently Asked Questions (FAQ)
FREQUENTLY ASKED QUESTIONS ON THE MICRO PENSION PLAN (PIDGIN)
FREQUENTLY ASKED QUESTIONS ON THE MICRO PENSION PLAN (IGBO)
FREQUENTLY ASKED QUESTIONS ON THE MICRO PENSION PLAN (HAUSA)
FREQUENTLY ASKED QUESTIONS ON THE MICRO PENSION PLAN (YORUBA)

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