Gratuity/Legacy Funds

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These are Defined Benefit Schemes that preceded the Pensions Reform Act. Some employers elect to maintain such funds to ensure that their retirees are paid additional sums apart from their pension entitlements under the Contributory Pensions Scheme.

These schemes are currently being managed by PFAs on behalf of Private Sector Organizations, Federal and State Governments in favor of deserving employees.

Pre-act legacy, Approved Existing Schemes and Gratuity funds are composite funds managed by the PFAs for the sole purpose of providing secured and higher value pay-outs to eligible employees as covered by their employer’s retirement and other terminal policies.

Normally a Trustee Deed will be drawn by both parties to define how the fund will be administered and managed.

Services rendered by CrusaderSterling Pension Ltd for such Funds under our management include:

  • Monthly Valuation Reports/Accounts of the fund will be delivered on a monthly basis.
  • Payment of retirement benefits under the terms and conditions provided by the Trust Deed.


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.