FAQs

As an employer, do I have to provide a pension plan for my employees?

Yes, participation in a pension plan is mandatory. Employers must provide a pension plan for those eligible employees and can be subject to a fine if they do not. Read more about your responsibilities as an employer.

Where can I find a pension plan for my employees?

Employers may register their own plan with the NPO or participate in one of the certified Multi-Employer Pensions Plans.

How much must employers and employees contribute to a pension plan?

Read about employer contributions and employee contributions.

What is the retirement age?

The normal retirement age under a pension plan submitted for registration under the National Pensions Law shall be within 12 months of attaining sixty years of age.

Can I receive a refund of my pension?

Yes, a member of a pension fund can be entitled to a refund under certain conditions. Read more about pension refunds.