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The pension industry as a catalyst for economic growth


The Pension Reform Act 2004 was one of the most important legislations of the last two decades. It completely transformed, the then, stagnant pension industry that catered for only a minority of employees into a vibrant and growing industry for all Nigerians. From modest beginnings in 2005, the industry has grown to be an important driver of savings and investments in Nigeria, with positive impact on jobs and economic growth.
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The Pension Reform Act 2004 introduced the Contributory Pension Scheme under which both employer and employee contribute to the employee’s pension. The Pension Reform Act 2004 was subsequently repealed by the Pension Reform Act 2014 (PRA 2014), which introduced a number of improvements such as increasing the contribution from 15% to 18% of employees’ salaries. The Act covers both public and private sector employees. However, most States are yet to commence full implementation of their own pension laws that conform with PRA 2014. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20190210:12:20:00

What is the one or two things you would change immediately? two things, you have to fund the wall as part of the multifund strategy. the second thing you have to do, you have to fix the broken asylum walls tha. well said, mark. mark morgan thank you for your service and for your time this morning. thanks, pete. coming up, will some people in chicago, well they could soon get free money for doing nothing. we ll bring that story to you. an alabama veteran s home burned to the ground in a devastating fire. but his bible left almost completely unharmed. he s calling it a sign from god. that man joins us to share his story coming up next. this is not a bed. ....

Great Wall , Multi Fund , Mark Morgan , Coming Up , Well Said , Asylum Walls Tha , The Big Story , Mo Ney , Coming Up Next , God Emperor ,