In today’s fast-changing financial landscape, it’s more important now than ever before for every worker to plan for secure and comfortable retirement. The Contributory Pension Scheme (CPS) has played a vital role in enabling individuals to plan effectively for their post-work life.
In today’s fast-changing financial landscape, it’s more important now than ever before for every worker to plan for secure and comfortable retirement. The Contributory Pension Scheme has played a vital role in enabling individuals to plan effectively for their post-work life. Participating in additional voluntary contributions is one sure way of enhancing one’s retirement savings because of its significant financial advantages.
On the other hand, the fixed portion, also comprising 50 percent of voluntary contributions, can only be accessed by the RSA holder at retirement, which significantly boosts an employee’s pension and lump sum upon retirement.
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