Tag: RSA

PENCOM Releases Guidelines For Pension Funds Withdrawal
September 9, 2015 No Responses

PENCOM Releases Guidelines For Pension Funds Withdrawal

In line with the provisions of the Pension Act of 2014, PenCom has released guidelines for the withdrawal of pension funds. This new development will enable Retirement Services Account (RSA) holders to make use of their pension fund balances to...
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PENCOM To Go After Errant Employers
September 3, 2015 No Responses

PENCOM To Go After Errant Employers

National Pensions Commission (PenCom) is about to go after employers that fail to remit deductions from their workers’ salaries into their Retirement Savings Accounts. PenCom’s DG, Dr. Chinelo Anohu-Amazu, who briefed President Buhari yesterday, said the...
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10 Things To Know About Your Pensions Before Retirement
August 27, 2015 No Responses

10 Things To Know About Your Pensions Before Retirement

What’s the due date and payment mode? If you choose to be paid monthly, your PFA will pay your money to your bank account on or before  the 24th day of each month. You don’t have to worry about cheques...
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96,002 Disengaged Nigerian Workers Get N20.72 billion Pension Benefits
August 20, 2015 22 Responses

96,002 Disengaged Nigerian Workers Get N20.72 billion Pension Benefits

The National Pension Commission (PenCom) says N20.72 billion was paid to 96,002 Retirement Savings Account (RSA) holders, whose jobs were terminated before age 50 and could not secure another employment within the stipulated four months period. The commission ...
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