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Occupational Pension Scheme (Tier 2)


The Secure Pensions Occupational Master Trust Scheme (SPOMTS) is established as an open-ended multiple employer Tier 2 pension scheme registered under the National Pensions Act, 2008 (Act 766) as amended.

  1. It is mandatory for all employers by law
  2. The contribution rate is 5% of the employee’s basic salary
  3. Contributions to the scheme are tax exempt
  4. Lump sum benefits are paid based on a defined contribution formula.
  5. Contributors may choose from a bouquet of investment products under the scheme namely the Growth Fund, the Balance Fund or the Income Fund, depending on their risk personality and retirement horizon