A member will benefit from this scheme after being a member for a number of years and attains the retirement age. Most people in the informal sector do not have any pension plan. This gives them and also those having other pension plan extra retirement benefits.
Pension will be calculated based on the minimum wage in addition to 10 percent. Pension would be paid monthly to a member. Disbursement would be made on every last Friday of each month.
A member would not benefit from the pension in the event of natural death or accidental.