Who Should Register With NAPSA?

As highlighted in the National Pension Scheme Act, one of the main provisions therein, is that membership to the Scheme is compulsory for all employed persons. This however means that membership to the Scheme covers all categories of employment for as long as a contract of service between the employer and the employee exists. It should further be clarified that a contract of service can be written or verbal. Therefore, every individual, association, institution or firm with a written or verbal employer/employee contract of service is required to register with NAPSA. As much as the contract of employment indicates one to be employer and other as employee, even the registration with NAPSA demands as such except, an employee is referred to as member.