The National Pension Commission has revealed that 12,241 Retirement Savings Account holders from the informal sector have contributed about N967.19m between 2020 and the third quarter of 2024 under the Micro Pension Plan.

This was disclosed in its newly introduced Pension Industry Performance Dashboard, which offers a comprehensive, user-friendly overview of historical vital pension statistics.

The Pension Reform Act 2014 expanded coverage of the Contributory Pension Scheme to the self-employed and persons working in organisations with less than three employees. The Micro Pension Plan was launched in 2019 to provide retirement savings for people.

working in the informal sector.

https://punchng.com/12241-informal-sector-rsa-holders-save-n967m-pencom/