Seventeen Life Insurance companies authorised to receive NSSF Tier 2 contributions.
The Retirement Benefits Authority (RBA) has given approval to seventeen Life Insurance Companies to receive NSSF Tier 2 contributions.
This approval follows the implementation of the National Social Security Fund (NSSF) Act, 2013. The objective of this Act is to review and enhance the minimum rate of contributions that will guarantee better accumulation of funds and thus better benefits at retirement.
One can save for retirement through a private retirement benefit scheme, throu...
AKI Journal June 2021
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