Fund Programmed Withdrawal
The Pension Reform Act 2014 allows Pension Fund Administrators (PFAs) to manage Retiree Fund, pay lumpsum cash, monthly pensions and other types of benefits to Retirees.
Upon retirement, a person who qualifies for payment of pension has the right and the options to receive his/her monthly pensions from the existing PFA through Programmed Withdrawal option. Retirees may also elect to receive monthly pension from a Life Insurance Company - Annuity Option.
At NLPC PFA, we would pay your retirement benefits as and when due - that is the hallmark of our promise.