“Pension Contributors Rose by 1.76 Per Cent” – PenCom

Contributors under the Contributory Pension Scheme (CPS) jumped from 6,581,031 at the end of the first quarter of 2015  to 6,696,793 in the second quarter, indicating a 1.76 per cent growth in the pension scheme membership.

In a report, the National Pension Commission, PenCom, said the expansion in the industry membership was driven by the Retirement Savings Account (RSA) Scheme.

It said the membership of the Closed Pension Fund Administration Scheme (CPFA) experienced a negative growth while membership of the Approved Existing Scheme (AES) remained unchanged.

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