On 1 July 2014, Nigeria's Pension Reform Act was signed into law. The key aspects of the law include: Increased employer pension contributions from 7.5% to 10% Increased employee pension contributions from 7.5% to 8% Employers are allowed to provide both the employer and employee contributions Employers must provide a life insurance policy equal to a minimum of 3 times the employee's emolument The law also includes provisions concerning pension withdrawals, including that employees may withdraw from their pension fund at the earlier of retirement or attainment of the age of 50, or when an employee is unable to carry...