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Road Transport Workers Key Into Contributory Pension Scheme.

Vanguard (Nigeria)

| February 03, 2011 | COPYRIGHT 2008 AllAfrica Global Media. (Hide copyright information)Copyright

OVER two Million members of the National Union of Road Transport Workers, NURTW, have keyed-into the Contributory Pension Scheme, CPS, which is a fall-out of the Pension Reform Act, PRA, 2004.

At the flag-off of registration of Retirement Savings Account, RSA, exercise for members of the NURTW, in Kaduna, Director-General of the National Pension Commission, PENCOM, Alhaji Mohammed Kabir Ahmed, said there was no longer doubt about the viability of the scheme because it has assets of about of N1.9 trillion with about 4.5 million people registered.

He reiterated that the commission pays about N100 million monthly to contributors who have retired from their various …

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