Description

Theme: Building Sustainable Pension Systems for a Secure Future

Course Overview

Nigeria’s pension legal framework has undergone multiple changes since the first legislative act on pension in 1951 called the Pension Ordinance, which had retroactive effect from 01 January 1946. The last major change was in 2004 with the enactment of the Pensions Reform Act (PRA 2004),
which introduced the Contributory Pension Scheme (CPS) and made it mandatory for employers and employees in both the public and private sectors to contribute towards the retirement benefits of employees.

The conference will provide a platform for participants to share their experiences and learn from the best practices in pension systems in the country, and explore innovative approaches to pension design and regulation that leverage technology, behavioural economics, and other emerging trends.

Overall, the conference will contribute to the development of a more sustainable and secure pension system in Nigeria that ensures dignity and financial security in retirement for all citizens.

Conference Outline:

I. Introduction

• Welcome Remarks
• Keynote Address
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II. Understanding the State of Pension Systems in Developing Countries

• Overview of Current Pension Systems
• Key Challenges Faced by Developing Countries

III. Designing Effective Pension Systems

• Pension Scheme Design Principles
• Options for Pension Scheme Financing
• Addressing Coverage Gaps and Informal Sector Workers

IV. Regulation and Governance

• Regulatory Frameworks and Governance Standards
• Roles of Pension Regulators and Supervisors
• Effective Enforcement and Compliance Mechanisms

V. Innovations in Pension Systems

• Digital Solutions for Pension Delivery
• Pension System Innovations from Developing Countries
• Addressing Climate and ESG Risks in Pension Investments

VI. Case Studies and Best Practices

• Successful Pension System Reforms and Case Studies from Developing Countries
• Global Best Practices in Pension System Design and Implementation
• Lessons Learned and Future Directions

VII. Conclusion and Way Forward

• Summary of Key Insights and Takeaways
• Policy Recommendations for Improving Pension Systems
• Closing Remarks

ACCOMMODATION:

This conference is non-residential. Participants are to lodge in hotels of their choice near the Training centre. A list of these Hotels will be provided on request.