A Retirement Savings Account (RSA) is a Defined Contribution Plan required under the Pensions Reform Act 2014. It is mandatory for every organization with three or more employees. In line with the regulations of the Pensions industry, the process of an RSA begins when:
The purpose of RSA is to ensure that upon retirement, loss of job, invalidity or death, employees under the scheme won’t be a liability to the society as they would continue to enjoy monthly payments that will sustain them throughout their lifetime.
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RSA holders and RETIREES are advised not to give money to ANY staff in form of charges for services rendered or to be rendered,
Our Pension Fund Custodian is FIRST PENSION CUSTODIAN. RSA Holders are advised to get their employers to make payments for remittances into our custodian’s account