Nigeria - Apply for Contributory Pension Scheme

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Procedure

Apply In-Person

1. To apply for a Contributory Pension Scheme in person, the applicant has to visit the office of National Pension Commission in Nigeria.
2. The address and contact details of the commission can be found in the following link: contact link
3. Visit the office and obtain an application form to be completed to apply for Contributory Pension Scheme from the relevant department.
4. Complete the application form with appropriate information under relevant sections. Attest it with your signature once completed.
5. Once completed filling the application form, make sure that you have attached all the documents listed in the “Required documents” section of this page.
6. Then, submit it in person to the relevant authority at the office. Make the stipulated payment as directed by the officials.
7. After submission, the application and other documents will be forwarded for examination and verification processes.
8. Once the verification and validation processes are over, the application will be approved and the officials will proceed to take required steps.
9. When the document is ready to be collected, the applicant will be notified by the office and the applicant can collect it by any applicable means.

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Required Documents

• Employment letter as a proof of employment
• Retirement letter as a confirmation of retirement date
• Voluntary Contributions Withdrawal Form
• Contract and End contract Appointment letter
• Consent form to be retained in the contributor’s Mandate File with PFA
• Bank Statement of 3 months (Indicating payment of monthly pension)
• Any supporting document (as required)

Refer section 4.0-4.8 in the following document for list of required documents with respect to the category: required documents

Office Locations & Contacts

National Pension Commission - Head Office
174 Adetokunbo Ademola Crescent, Wuse 2,
Abuja,
Nigeria.
Phone: 0700-CALLPENCOM (0700-225 -573-6266) +234 9460 3930
Email: [email protected]
Website: National Pension Commission Regional Contacts

Eligibility

• Any person working in the Republic of Nigeria, who wishes to become a contributor of the Contributory Pension Scheme, can apply.
• Any employer in a company with three or more employees enrolled for making mandatory contributions under the CPS can apply.
• Any retiree under the defunct Defined Benefit Scheme, who secures another contract employment, is eligible.
• For more information on Eligibility criteria, refer section 2.0 in the following document: eligibility criteria

Fees

• Please approach the authorities for fees details.
  

Validity

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e.g. Birth Certificate Valid Forever

Documents to Use

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Sample Documents

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Processing Time

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Related Videos

Videos explaining the procedure or to fill the applications.
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Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• The contributions must be made only in Nigerian Currency and shall be remitted into and withdrawn from a duly registered Retirement Savings Account, managed by a licensed Pension Fund Administrator.

• All Voluntary Contributions must be remitted through an employer into the Retirement Savings Account and the frequency of Voluntary Contribution shall not be more than once a month for all categories of contributors.

• For more relevant instructions, applicants can make use of the following guidelines document in case if they need more information about the scheme: guidelines

• Applicants are advised to complete the application form neatly and completely with absolute legibility and appropriateness to avoid rejections. Also, all the required documents must be furnished completely.

Required Information

• Applicant particulars
• Identification document number
• Tax Identification Number
• Registration number
• Address and contact details
• Payment receipt number (if any)

Need for the Document

• Working people in the Republic of Nigeria are mandated to reserve a minimum amount of 18% of his/her salary for the Retired Savings Account so that he/she can be paid a better retirement benefit.
  

Information which might help

• The main purpose of the Pension Reform is to introduce a pension system that is sustainable and has the capacity to achieve the ultimate goal of providing a stable, predictable and adequate source of retirement income for each employee in Nigeria.
• Judicial officers, Members of the Armed Forces, the Intelligence and Secret Services of the Federation, existing retirees prior to June, 2004 and employees who had 3 years or less to retire as at June, 2000 are exempted from the Contributory Pension Scheme.
• The minimum rate of contributions is 18% of the employee’s monthly earnings where 10% is contributed by the employer and 8% is contributed by the employee.
• Refer for more information: frequently asked questions

Other uses of the Document/Certificate

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e.g. Birth Certificate can be used as proof of identity.

External Links

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Others

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