What are the objectives of the new pension scheme in Nigeria?

The objectives are:

  1. To ensure that every eligible person who has worked in either the public or private sector receives his retirement benefits as and when due;
  2. To assist employees by ensuring that they save to cater for their livelihood during old age; and,
  3. To establish a uniform set of rules and regulations for the administration and payment of retirement benefits in both the public and private sectors