The PSSS is a Defined Contribution Scheme where the Government and employees will contribute to the Scheme to fund the retirement benefits of the employee.
The contributions will be paid into the Fund established and managed under the Act and regulated in accordance with the Retirement Benefits Act

Rates of Contribution

1. Employees will contribute at the rate of 7.5 % of their monthly basic salary graduated at the following rates: 2% in first year; 5% in the second year; and 7.5% in the third year.
2. The Government will contribute 15% of the monthly basic salary in respect of each employee.
3. Employees will have an option to make additional voluntary contributions to the scheme above the mandatory 7.5% of the basic salary. Where an employee takes this option, the Government will not increase its contribution.