BRIEF EXPLANATION OF THE PENSION REFORM ACT 2014: FOR SMEs AND MSMEs

The Pension Reform Act 2014, which repealed the Pension Reform Act No. 2 of 2004 (repealed Act) was signed into Law on 1st day of July, 2014. The Pension Reform Act governs and regulates the administration of the contributory pension scheme for both public and private sectors in Nigeria. The crux of the Act is