Regulatory Alerts2015-03-30
Law No. 05/2015 Governing the Organization of Pension Schemes
Enacted by the Rwandan Parliament and sanctioned by President Paul Kagame, Law No. 05/2015 establishes a comprehensive legal framework for organizing both mandatory and voluntary pension schemes. The legislation mandates employer and employee contributions, defines eligibility and computation methods for old-age, early retirement, disability, and survivor benefits, and outlines registration procedures alongside licensing requirements for pension service providers. It further empowers the national regulator to oversee investment policies, conduct audits and inspections, enforce compliance through administrative sanctions, and manage the liquidation of voluntary scheme assets to ensure long-term financial stability.
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