Retirement Savings Accounts
NLPC Pension Fund Administrators Limited (NLPC PFA) is a licensed PFA in Nigeria and we manage Retirement Savings Accounts (RSAs), invest pension funds and pay retirement benefits to our customers. The Pension Reform Act (PRA) 2014 makes it compulsory for every employee working in the Public Sector (Federal and States) and Private organizations with three or more workforce to open a Retirement Savings Account (RSA).
Monthly contribution is 18% (Employer – 10% and Employee – 8%) of emoluments i.e - Basic, Housing and Transportation. The purpose of the RSA is to warehouse monthly pension contributions plus accrued returns on investment.
It will interest you to know that the RSA holder will be classified according to the Multi-Fund.
The accumulated fund would be paid to the RSA holder at retirement. Employers must comply with the PRA 2014 Act by ensuring that employees open Retirement Savings Accounts and monthly pension deductions are remitted. If you are an employer of labour desirous of establishing a mutually beneficial business relationship with a PFA on behalf of your workforce or you are an individual employee in need of a responsible, reliable and dependable Pension Fund Administrator, NLPC PFA is the right choice and place for you.
NLPC PFA deploys modern technology and employs the services of a dedicated workforce in the management of Retirement Savings Accounts. We give competitive returns and other ancillary benefits to make your business relationship with us worthwhile. Our wealth of experience in pension administration, fund management and excellent customer services is intended for your satisfaction
Retirement is only few years away.
Contact us today for your Retirement Savings Accounts registration