Retirement normally occurs after many years of work in line with the terms and condition of service within the organization.
This is based on the age or the number of years of service of the contributor. At this point the options available for withdrawal of benefits by the pensioner are either by Lumpsum and programmed monthly withdrawal or Annuity. Lumpsum packages are offered by Pension Fund Administrators while Annuities are provided by Insurance Companies.
A Retiree Account is created to hold the balanced transferred from the RSA. This account is opened in a different fund called the Retire Fund. This Fund is a more conservative than the RSA in the sence that it is less exposed to the equities market. Where a Contributor is retired and has applied for his/her benefit, the pension assets are moved from Retirement Savings Account to Retiree Account from where the Lumpsum/monthly programmed withdrawal and Annuity Plans are drawn from.
pensioncalculator
Testimonial
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
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.
