Schemes
for All
There is something for all income
earners!
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The Micro Pension
Plan
A plan for the informal sector traders,
artisans, professionals and other self-
employed people who do not qualify
for the Contributory Pension Scheme
Learn more
The Contributory
Pension Scheme
A plan for employees in the Private
Sector, Public Service of the Federation,
Public Service, of the Federal Capital
Territory, States and Local Governments
Learn more
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Let’s Compare

CPS vs MPP

See how we compare
CPS
MPP
Sector of Economy
Scheme is mandatory for all employees in the Public Service of the Federation, the Federal Capital Territory, the States, the Local Government as well as in the Private Sector
Scheme is available to the self employed and individuals in the informal sector
Company Size
Persons working with organisation with > 3 members of staff
Persons working with organisation with < 3 employees or are conducting trade or business for self
Frequency of Contributions
Contributions are remitted monthly by the employer
Contributions are remitted periodically at the convenience of the participant
Funding Requirement
The employer and the employee contribute a minimum of 10% and 8% of the employee’s basic, housing & transport monthly allowances.
Employee
/participant contributes as he/she desires; contributions are not defined
Other Funding
Additional voluntary contribution (AVC) is allowed and may be accessed before retirement
Contingent contribution is 40% of every contribution and may be accessed before retirement

Our Products

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Contributory Pension
Scheme - CPS

Micro Pension
Plan - MPP

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Fund Administrators

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