TEAM ARMP

who introduced the contributory pension scheme?

• Olusegun Obasanjo

• President Buhari

• Sani Abacha

A monthly maximum administration fees of ______ is charged for MPS remittance of four thousand naira and above

• Hundred Naira

• Twenty Naira

• eighty naira

• Fifty Naira

MPS Contingency withdrawal is _________

• 40%

• 60%

• 50%

• 100%

The following are steps to reset ARM engage mobile application password except:

• Client Inputs : RSA pin / email / mobile, then select forgot password

• Client Inputs : RSA pin / registered email or mobile then select forgot password

• Client receives and inputs default password and create new password

• client ensures new password is alpha-numeric, one special character and One capital letter

The 60% contingent withdrawal for MPS can be accessed _______

• Three months after initial deposit

• Each withdrawal can be accessed once in a week

• Anytime

• Once in two years

Contributions made after retirement for MPS will be treated as _____

• AVC

• Retirement benefit

• Enbloc

• MPS

Upon Retirement, MPS client can access retirement benefit options such as _____

• PW/ Annuity

• Enbloc

• Pension enhancement

• Multifund structure

_____is a method of receiving pension by a retiree through a contract purchased from a life insurance company. It provides a guaranteed periodic income (pension) to a retiree throughout his/her life after retirement

• Programmed withdrawal

• Anuity

• Annuity

• Lumpsum