These are the questions often asked by our clients and employees and answers provided for them.

PERSONAL PROVIDENT PLAN

   what is Personal Provident Plan(PPP)?

   It is a savings plan designed to encourage individuals to save towards retirement, build up funds for specific projects or other future needs in a flexible way

   If already a member of a Pension Scheme, Can PPP be include as a second scheme?

   Yes, It can. PPP can run as a parallel program to any other type of Pension or Savings Scheme.

   Is PPP a Product?

   Yes, PPP is a Product designed for Retirement Savings.

   What happens to the membership and Savings in event of a change in resisdence?

   The member can continue through a GTB bank at the new location and the Savings remains intact.

   What is the mode of payment and how much is the minimum payment?

   The minimum payment is 2000 naira and the payment is via GTB or personal payment at NLPC office.

   Is there a notification period required before withdrawal after three years on the plan?

   No, Withdrawal is instantaneous after three years on the plan.

   When is the earliest time that a member can withdraw from the plan without a penalty?

   A member can withdraw from the plan after three years.