The Pension Reform Act 2014 – Nigeria

On the 1st of July 2014 the President of the Federal Republic of Nigeria signed the Pension Reform Act 2014 (The Act) into Law. The Act repeals the Pension Reform Act No.2 Laws of the Federation of Nigeria 2004 and is in force to regulate the administration of uniform contributory Pension Scheme for both the private and public sector in Nigeria. To ensure that every person who works in either the Public Service of the Federation Federal Capital Territory, States and Local Governments or the Private Sector, receives retirement benefits as and when due.

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