Micropension
A successful financial plan creates the necessary foundation for future wealth creation and sustenance.
Easier Savings for the Future
The Micro Pension Scheme (MPS) is designed to help traders, artisans, professionals and other self employed people in the informal sector which constitutes the larger percentage of Nigeria’s working population save easily by providing a regular flow of income in retirement.
Remit Your Pension
The process of remitting your pension has become easier as a part of your monthly income can be credited into your pension savings account using the following channels:
✓USSD Channel - Dial Code *55701#
✓Web - Micropen.ng
✓Mobile App - Micropen Mobile App
To pay for pension, using USSD channel, follow the processes below:
- a. Dial *55701# (if you are using the USSD channel).
- b. Select your Pension Fund Administrator (PFA).
- c. Input your PEN.
- d. Input amount you want to pay.
- e. Select your preferred payment method.
- f. Authorise your payment.
- g. Notification is received from the PFA for successful transaction.
To pay for pension, using Web and Mobile App channels, follow the processes below:
a. Type www.micropen.ng on the web page.
b. Sign in with your registered details – user name and password.
c. Select your Pension Fund Administrator (PFA).
d. Input your PEN.
e. Input amount you want to pay.
f. Select your preferred payment method.
g. Authorise your payment.
h. Notification is received from the PFA for successful transaction
Pension Fund Administrators (PFAs)
A Pension Fund Administration is an entity licensed by the National Pension Commission and charged with the responsibility of managing and investing the pension funds.
Pension Fund Custodians (PFCs)
Pension Fund Custodians are companies licensed by the National Pension Commission to keep pension money and assets for the employee on behalf of the PFA.
Personal Enrollment Number (PEN)
This is a pre-issued identification number by the PFA. The number is unique to an individual contributor and only one PFA.
