Additional Voluntary Contributions

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imageEvery contributor under the scheme has the option to save an additional amount every month. This is irrespective of the mandatory 8% employee contribution and 10% employer contribution.

This additional contribution is called AVC (Additional Voluntary Contribution). This saving is entirely at the discretion of the contributor in terms of the amount and the frequency of contributions.

This gives a contributor freedom to decide how much to save monthly based on income and expenses. In addition any amount saved is tax exempt, as provided for in the PRA Act 2014.

In terms of eligibility to contribute, employees in formal employment can participate and include the following:

  • Active contributors to the Retirement Savings Account (RSA)
  • Foreigners in formal employment in Nigeria
  • Employees whose Employer operates a pension scheme approved by PENCOM e.g. CPFA (Closed Pension Fund Administrator)
  • Any employee who retired under the Contributory Pension Scheme (CPS) or any other pension scheme and secures another employment

The National Pension Commission (PENCOM) recently released a draft guideline on Additional Voluntary Contribution that seeks to update the eligibility, rules and withdrawal of voluntary contributions.


Kenneth Ezugwu

My account officer communicates with me regularly through emails and so far it has been an effective means for me. CrusaderSterling Pensions maintains good relationship… Read more »

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.

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.