Will the new Pension scheme affect every worker?

The scheme will not affect existing pensioners and those who as at the commencement of the Act had 3 years or less to retire as well as persons under S.291 of the Constitution of Federal Republic of Nigeria, that is, Judicial Officers of the Supreme Court and Appeal Court and any other Court as specified in the Constitution. However, all other employees in the Federal Public Service, the Federal Capital Territory (FCT) and the private sector (where there are three or more employees) are affected by the new scheme.