NPRA targets 40% pensions for informal workers by 2026

The National Pensions Regulatory Authority (NPRA) has launched a five-year strategic plan aimed at increasing pension coverage, growing the assets of the private pension contributions, sustaining the national basic pension scheme and improving the image of the authority.

Among other things, the plan aims to take pensions to all the 11 million workers in the formal sector while increasing coverage in the informal sector from the current three per cent to 40 per cent by 2026.