I see no problem with 6%, but it should be optional if you can show evidence of belonging to an alternative scheme.

Exactly, some of us with the middle class salary are already contributing up to 15% of our salos to a reputable pension schemes.

The bill must allow employees/employers the option to choose between NSSF and private pension schemes, otherwise it will kill the thriving pensions industry and replace it with campaign funding kitty for politicians.

I can assure you no employer will operate 2 schemes and cough up extra cash to employees if he doesn't have to, they will simply abandon the private schemes and throw employees under the bus that is NSSF.

The president should send the bill back to parliament if that proviso is not included very clearly.

They waste our money and are now rewarded with more money....where will I run to? Can't wait for 2016 when I plan to officially retire!!!!

The problem has never been the concept, it's the transparency in management and investment strategy for the fund to increase the interest earned for the retiree to get a better cheque than he would from the private pension funds. Don't forget that this fund will increase three-fold when we start contributing.