WELCOME
Aiico Pension Managers was
granted a license to operate the business of Pension Fund Administration
in Nigeria on 13th April, 2006. Consequently, we are now strategically
positioned to do what we know how to do best and putting our experience
at your disposal.
Our Strategy
Coupled with a highly motivated workforce and a team
of experienced investment managers, we have a strong belief in
the use of innovative technologies to drive processes. Therefore
a robust e-platform has been put in place which will allow for
interaction between Individual Contributors, the Employers and
Aiico Pension Managers Limited. More [+]
Pension Reform Explained
To ensure that every person
who worked in either the Public Service of the Federation, Federal
Capital Territory or Private Sector receives his retirement benefits
as and when due. More [+]
Your Questions Answered
|
| Q: |
What is the new Pension Scheme in Nigeria? |
| A: |
The new scheme is a contributory, privately managed pension scheme. Every eligible Employee shall maintain a Retirement Savings Account in his name with the Pension Fund Administrator (PFA) of his choice. The employee shall notify his employer of the PFA chosen and the identity of the Retirement Savings Account (RSA) opened. The employee and employer contribute a minimum statutory percentage of the employee’s monthly emoluments (comprising basic salary, housing allowance and transport allowance) into the Retirement Savings Account of the employee. The contributions would be managed and administered by Professional Fund Administrators and held in custody by licensed Pension Fund Custodians. At retirement, the amount in the employee’s Retirement Savings Account would be the total contributions plus income and capital gain earned on the contributions made. |
| |
|
| |
More
Questions & Answers |
