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13 December 2021

Micro Pension Scheme: PFAs Register 72,846 Contributors in 3 Years, Plan Introduction of Incentives

Three years into the launch of the micro pension plan (MPP), pension fund operators said they have registered barely 72,846 contributors just as they have resorted to introduction of value addition incentives to encourage more participation in the MPP.

Three years into the launch of the micro pension plan (MPP), pension fund operators said they have registered barely 72,846 contributors just as they have resorted to introduction of value addition incentives to encourage more participation in the MPP. The micro Pension plan was officially launched by the president Muhammadu Buhari’s administration on March 29,2019.Since its launch, contrary to the desires and aspirations of the pension sector regulator, the National Pension Commission (PenCom), the micro pension plan has witnessed slow growth. - ThisDay e-paper page 29