Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.3: Special Savings Plans And Goals
Problem 1R
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Question
![PENSION FINANCE AND FUND
MANAGEMENT
-Pension administrator
-Pension Managers
-Pension Custodian
Provident is the lampsum payment
especially on retirement.
Pension is paid monthly upon
termination of services.
PARTIES TO THE PENSION CONTRACT
1. The employee
2. The employer
CLASSIFICATION
1. GROUP e.g NSSF pension scheme
2. INDIVIDUAL PS eg Central Bank PS
QN:
1. DISCUSS THE ROLES OF
ADMINISTRATION, MANAGEMENT
AND CUSTODIAN IN PENSION
SCHEME.
DENOI ON](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcb20c943-e6d7-4d65-ae40-f56b9c63ce00%2Fb083a7c7-78e9-4984-abdc-25c1c7cfff5e%2Frks8tt5_processed.png&w=3840&q=75)
Transcribed Image Text:PENSION FINANCE AND FUND
MANAGEMENT
-Pension administrator
-Pension Managers
-Pension Custodian
Provident is the lampsum payment
especially on retirement.
Pension is paid monthly upon
termination of services.
PARTIES TO THE PENSION CONTRACT
1. The employee
2. The employer
CLASSIFICATION
1. GROUP e.g NSSF pension scheme
2. INDIVIDUAL PS eg Central Bank PS
QN:
1. DISCUSS THE ROLES OF
ADMINISTRATION, MANAGEMENT
AND CUSTODIAN IN PENSION
SCHEME.
DENOI ON
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