BACK
The NPPF Schemes were introduced in 2002 as a mandatory retirement saving scheme for civil servants, employees of public corporations and enterprises and members of the Armed Forces to provide income security after retirement.
Both employees and employers make contributions to the pension and provident fund schemes. Pension benefits are paid monthly to members whereas provident fund benefits are paid in lumpsum, with accrued interest, on retirement. The NPPF, as entrusted by the Executive Order, has two important core business functions which is Scheme Management and Fund Management.
