Section 1: OBJECTIVES

The objectives of this Act are to-(a)
establish a uniform set of rules, regulations and standards for the administration and payments of retirement benefits for the Public Service of the Federation, the Public Service of the Federal Capital Territory, the Public Service of the State Governments, the Public Service of the Local Government Councils and the Private Sector;
(b) make provision for the smooth operations of the Contributory Pension Scheme;
(c)
ensure that every person who worked in either the Public Service of the Federation, Federal Capital Territory, States and Local Governments or the Private Sector receives his retirement benefits as and when due; and
(d) assist improvident individuals by ensuring that they save in order to cater for their livelihood during old age.