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How is the Contributory Three-Tier Pension Scheme Managed?

The contributory three-tier pension scheme is managed as follows:

  1. The First Tier basic national social security scheme is managed by a restructured SSNIT
  2. The Second Tier Occupational Pension scheme and Third Tier Provident Fund and Personal Pension schemes are managed by approved trustees licensed by the National Pensions Regulatory Authority (NPRA)
  3. Approved trustees are assisted by Pension Fund Managers and Custodians licensed by the Securities & Exchange Commission (SEC) and registered by the NPRA

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