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The Retirement Savings Account was initiated by the Federal Government under the Pensions Reform Act 2004 and is used to set aside money towards an individual’s retirement. 

The new pension Reform Act 2014 requires the employer and employee to contribute a minimum total of 18% of the employee’s monthly emoluments (basic salary, housing and transport) to a Retirement Savings Account (RSA) which will be managed by a private sector Pension Fund Administrator (PFA). 

Additional Voluntary Contribution is another means by which participants can grow their funds. click on the link AVC for more information.

 

How to Open Your Retirement Savings Account

Read and follow the guidelines below for filling the form to enable prompt processing.

1.Download the Retirement Savings Account form.

2.Complete all fields and submit a signed and clearly thumb-printed (Non-smudged left and right thumbprints).

3.Submit a copy of the completed form to our nearest office to your location. Please call 01-2800800.

4.On receipt of your duly completed form, we shall obtain a PIN for you through the National Data Bank (NDB) of the National Pension Commission (PenCom)and notify you via SMS.

5.   A hardcopy of your membership certificate will be sent to the address you indicated on your RSA form.

6.Please inform your employer/HR of your PFA details (PIN/PFA name, PFC account details) as provided on your membership certificate.

7.We will notify you via SMS once contributions have been remitted to us by your employer.

8.You can access your account online. Please visit our website for guidelines or call 01-2800800 for more information.

 

Click here to Download RSA Opening Form

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DAILY FUND PRICE MOVEMENT
Thursday August 17, 2017
RSA Fund
2.8049
Retiree Fund
2.5659
RSA Admin fee
100

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