Pension Schemes – NBC Institute

PSA&F – Nov 2019 – L2 – Q3a – Pension Accounting in the Public Sector

Identifies two categories of persons exempted from the contributory pension scheme and discusses three deficiencies of the scheme.

Question

In accordance with Section 2(1-2) of the Pension Act 2014, both the public and private sectors’ pension schemes are now contributory. The employers and employees are expected to contribute a minimum of 18% in aggregate towards the retirement of the employees. The rate is subject to review as may be agreed between the employer and employees.

Required:

Identify TWO categories of persons exempted from the scheme.
Discuss THREE deficiencies of the scheme.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Deficiencies, Exemptions, Pension Schemes, Public Sector, Retirement Benefits
Level: Level 2

Topic: Pension Accounting in the Public Sector
Series: NOV 2019

PT – Nov 2021 – L2 – Q2e – Tax Administration

Distinguish between defined benefit schemes and defined contribution schemes.

Question

Distinguish between defined benefit schemes and defined contribution schemes.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Defined Benefit, Defined Contribution, Pension Schemes, Retirement Benefits, Tax Reliefs
Level: Level 2

Topic: Tax Administration
Series: NOV 2021

PSA&F – Nov 2019 – L2 – Q3a – Pension Accounting in the Public Sector

Identifies two categories of persons exempted from the contributory pension scheme and discusses three deficiencies of the scheme.

Question

Required:

Identify TWO categories of persons exempted from the scheme.
Discuss THREE deficiencies of the scheme.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Deficiencies, Exemptions, Pension Schemes, Public Sector, Retirement Benefits
Level: Level 2

Topic: Pension Accounting in the Public Sector
Series: NOV 2019

PT – Nov 2021 – L2 – Q2e – Tax Administration

Distinguish between defined benefit schemes and defined contribution schemes.

Question

Distinguish between defined benefit schemes and defined contribution schemes.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Defined Benefit, Defined Contribution, Pension Schemes, Retirement Benefits, Tax Reliefs
Level: Level 2

Topic: Tax Administration
Series: NOV 2021

Question Tag: Pension Schemes

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PSA&F – Nov 2019 – L2 – Q3a – Pension Accounting in the Public Sector

Identifies two categories of persons exempted from the contributory pension scheme and discusses three deficiencies of the scheme.

PT – Nov 2021 – L2 – Q2e – Tax Administration

Distinguish between defined benefit schemes and defined contribution schemes.

PSA&F – Nov 2019 – L2 – Q3a – Pension Accounting in the Public Sector

Identifies two categories of persons exempted from the contributory pension scheme and discusses three deficiencies of the scheme.

PT – Nov 2021 – L2 – Q2e – Tax Administration

Distinguish between defined benefit schemes and defined contribution schemes.

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Question Tag: Pension Schemes

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PSA&F – Nov 2019 – L2 – Q3a – Pension Accounting in the Public Sector

Identifies two categories of persons exempted from the contributory pension scheme and discusses three deficiencies of the scheme.

You're reporting an error for "PSA&F – Nov 2019 – L2 – Q3a – Pension Accounting in the Public Sector"

PT – Nov 2021 – L2 – Q2e – Tax Administration

Distinguish between defined benefit schemes and defined contribution schemes.

You're reporting an error for "PT – Nov 2021 – L2 – Q2e – Tax Administration"

PSA&F – Nov 2019 – L2 – Q3a – Pension Accounting in the Public Sector

Identifies two categories of persons exempted from the contributory pension scheme and discusses three deficiencies of the scheme.

You're reporting an error for "PSA&F – Nov 2019 – L2 – Q3a – Pension Accounting in the Public Sector"

PT – Nov 2021 – L2 – Q2e – Tax Administration

Distinguish between defined benefit schemes and defined contribution schemes.

You're reporting an error for "PT – Nov 2021 – L2 – Q2e – Tax Administration"

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