What are the minimum Nigeria CPS contribution rates?

Section 4 of the Pension Reform Act 2014 sets minimum contributions of 10% from the employer and 8% from the employee for covered employment. Confirm the scheme and pensionable-emoluments basis that applies to you.

Does this calculator estimate my retirement lump sum or monthly pension?

No. PenCom retirement-benefit rules require regulated calculations and current member details. This page stops at contributions and a user-assumption RSA scenario.

Does AfroTools recommend a PFA or predict its return?

No. It provides no PFA ranking and no default return. Enter a dated net-return assumption from a statement or other source you can identify.

Nigeria CPS planning worksheet

Check monthly contributions. Model an RSA scenario without guessing your benefit.

Use the pensionable emoluments and RSA balance you can verify. The 8% employee and 10% employer fields reflect PRA 2014 minimums for covered employment, but remain editable because coverage and employment arrangements differ. Your return assumption must have its own source and date.

No PFA rankingNo default investment returnNo lump-sum or annuity promiseLocal calculation and export

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Your user-entered CPS scenario

First employee contribution--

First employer contribution--

First total monthly contribution--

Future contributions--

Modeled investment growth--

Projected RSA balance--

Final monthly emoluments--

Year	Monthly emoluments	Monthly contribution	Cumulative contributions	Projected balance

Method and boundary

The engine converts annual net return and salary growth to effective monthly rates. It applies investment growth to the existing balance, adds each contribution at month end, and applies salary growth before the next month. It does not model fund-specific fees, changing rates, inflation, tax, benefit eligibility or provider performance.

Official sources reviewed 22 July 2026

PenCom: Pension Reform Act 2014 links the Act; section 4 sets the 10% employer and 8% employee minimum rates.
PenCom retirement and terminal-benefit regulation governs the member-specific benefit calculation.
PenCom lump-sum FAQ explains that a lump sum depends on the remaining balance supporting the regulated periodic payment threshold; this tool therefore does not assume 25%.

Privacy

No input is stored, put in a URL or sent to analytics, AI or an API. CSV, JSON and PDF are created locally. Avoid personal identifiers in source labels.

Interpretation

This is a planning scenario, not financial advice, a PenCom or PFA statement, or a guaranteed return. Confirm your scheme, pensionable-emoluments definition, rates, opening balance, fees and benefit choices with the responsible institutions.