Nigeria: PenCom Urged to Finalise Modalities for Implementing GMPS

21 June 2017

An Actuarial Scientist and Managing Director, Linkage Assurance Plc, Dr. Pius Apere has urged the National Pension Commission ( PenCom) to expedite action on the modalities for implementing the Guarantee Minimum Pension (GMPS) for Nigerian workers.

The GMP is akin to an income support from the government and can be considered as a variant of social security policy that ensures redistribution of resources to its populace. It acts as a safety net for pensioners.

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