Pension Fund Operators Association of Nigeria (PenOp)

We are an independent, non-governmental, non-political and non-profit making body established to promote the operations of the pension industry, provide for self-regulation and ensure that international best practices relating to the industry are observed by the operators registered in Nigeria.

Life is in stages, navigate the exciting
road towards retirement


This is the starting point of one’s career, and also the best stage to join the Contributory pension Scheme, this group is characterized by young Individuals who want to fit in at their various career paths.


This stage consists of established professionals who are able to balance career and family; they contribute more to the society by guiding the next generation of young professionals.


The retirement stage consists of the highly experienced workers whose productivity rate is low but experience is second to none. They have the mindset of “organizing life and working to the top"

Pension Calculator

Discover the benefits of joining the contributory pension scheme (CPS), retirement savings account

I am years old.

My retirement savings is currently.

I will like to receive monthly after retirement.

Please enter an age below 60

To earn a monthly withdrawal of {{monthlyPension | number:2}} after retirement, you need a retirement balance of ₦ {{ RetirementBalance() | number:2 }}

To Meet the above target, your monthly contribution should be ₦ {{ MonthlyContribution() | number:2 }}

Latest News

The latest pension industry announcements, reports, corporate announcement notices and updates.

Our Numbers from inception to 30th June, 2020

CPS Contributors
Lump Sum
0 Billion
World Population
0 Trillion
Current AUM
compliance certificates

Contributory Pension Scheme And Nigeria’s Economic Development

A key to any country’s development, lies in its capital formation (domestic or imported), with savings being a pillar of domestic capital formation. Keynesian economics, defined savings as the amount left over when cost of a person’s consumer expenditure is subtracted from the amount of disposable income that he or she earns in a given period of time.

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