Nigeria’s pension system is now based on the implementation of the Contributory Pension Scheme (CPS). Under this system, licensed Pension Fund Administrators (PFA) are solely responsible for the management of pension funds, while Pension Fund Custodians (PFCs) are responsible for the safekeeping of pension assets in trust for contributors. A pension is a retirement fund … Continue reading Top 7 Things To Know About Contributory Pension Scheme