Monthly Remittances

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The process of monthly contribution payments by an Employer will typically follow these simple steps:

1. At month end after salary payment, the Pension Desk Officer in HR or Finance Department will prepare a schedule to include the following details of an employee – PIN, full names (last and first name), employer contributions (10%), employee contributions (8%) and any additional contributions.

2. A softcopy schedule is sent to CPL at schedules@crusaderpensions.com and a copy sent to collectionsstaff@firstpensioncustodian.com. A soft format of our Schedule of Contribution (Soc) format can be found here (CLICK HERE TO DOWNLOAD).

3. Thereafter, a hardcopy schedule is printed and taken to any Branch of First Bank of Nigeria PLC.

4. At the bank, the payments are made using the following details for monthly pension remittance.

5. Kindly find below the required details for the payment of;

  • Account name is FPCNL-RE-CPL CONTRIBUTION
  • NUBAN Number is 2006915627
  • Receiving branch is any First Bank of Nigeria nationwide
  • Sort code is 011154686

6. The bank teller and the hard copy schedule are deposited with the Teller.

Note: Company name should be stated on the bank teller as the depositor. Also required is the employer code. On request customised tellers slips can be provided for payment to registered employers upon request. Also ensure a hard copy of the schedule is submitted at the bank.

7. On acknowledgement of payment by First Pensions Custodian, the RSA account with us is credited and an SMS alert is sent immediately to the contributor.

RSA Fund Price:
N3.6519
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Retiree Fund Price:
N2.6504
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Administrative Fees N100
Number of RSA Registered 282,439
Rate of Returns 9.70%

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Testimonial

Odukoya Olusoji Olumide

Institute Of Chartered Accountants of Nigeria (ICAN)
How I wish another bulk payment of 25% could be made and the monthly pensions reduced further. I wish the company the best in its future endeavours and have no hesitation recommending the company to prospective pensioners. You need to PORT to CrusaderSteerling.

Prof. Alaba Isaac Olugboyega

University of Lagos
CrusaderSterling Pensions limited pays my monthly pensions regularly between the 19th and 21st of every month. Also, my statement of account is sent on request promptly. I also appreciate the annual retiree forums which are held annually to enhance interaction.

Aina Omotayo Aremu

Aina Omotayo Aremu

Investment Department
Proud to be one of the pioneer staff in the organization. I joined at the commencement of business with my first engagement in the Internal Control and Audit.
It has so far been a worthwhile experience through to my present engagement in the Investment Management at the Research Desk.

Mosunmola Moyo-Balogun

Benefits Department
My career journey with CrusaderSterling Pensions has been an awesome experience. I have had the platform to learn and work with Industry professionals which has aided my personal career growth and positioned me for greatness.

Ndikanwu Chibuzor

Compliance Department
My Career with CrusaderSterling Pensions has availed me the opportunity to learn a lot about the Pensions and Financial industry; I have also been presented with an opportunity to develop myself through constant learning and development programs.

Alade Olubunmi

Marketing Department
CrusaderSterling Pensions is Professional in their business dealings and have good corporate governance and values. It is a place where Staff are encouraged to take up responsibilities and take ownership of the business in a bid to grow with the Company.

Adebayo Fagbola

Internal Control Department
My Career with CrusaderSterling Pensions Limited began on the 16th of March, 2015. Having previously worked within the pensions industry for eighteen months, I felt it was time to further develop myself with an industry leader; CrusaderSterling Pensions Limited was my first choice.

Adeoye Adewale

Contributions Department
I am fortunate to be one on the pioneering staff of CrusaderSterling Pensions Limited. The atmosphere and environment here was far above my expectations. Aside from learning new skills and developing myself; members of my team are very kind and friendly with a positive mentality.