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Regulation on Annuity

This regulation is jointly issued by the National Insurance Commission and the National Pension Commission for the purpose of given effect to the provision of Pension Reform Act (PRA) 2004 as it relate to Life Annuity.

This Regulation specifies the modalities for the adminisstration of retirement benefits in respect of retirees who have chosen Life Annuity under the Contributory Pension Scheme as contained in the Pension Reform Act 2004.

 

Tags: Insurance  Naicom  Regulation 

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