Hello all, I have been having different thoughts and hearsays about the real benefit of the Nigerian pension scheme. I need some clarity as well.
Some people have said (which I have verified) that incase you are out of job upto 3months, you can apply for 25% of your contribution after which you cannot collect again until never.
Some say you can start collecting after the age of 60...even at that..what portion will you be collecting?

Some even say the institution will pay u till you die irrespective of your contribution...

I'm kinda confused...how exactly does the pension scheme benefit a contributor..and how does it work... can next of kin also have access?
Let's even say ure retired and old...can one exhaust the collection or it's infinite??

Thanks