1. Fewer ghosts, more savings.
- Subjects
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GOVERNMENT policy , *PENSIONS , *PENSION reform , *DEFINED contribution pension plans , *DEFINED benefit pension plans , *INFORMAL sector , *CIVIL service pensions - Abstract
The article focuses on pension savings and investments in Nigeria in 2014. It states that in 2004 Nigeria reformed its government employee defined-benefit pension system into a defined-contribution system, outsourced pension management, and instituted mandatory pensions at most private companies. It mentions that many Nigerians work in informal jobs and lack pensions and talks about fresh reforms passed in July 2014 that extend pension obligations to companies employing three or more people.
- Published
- 2014