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Retirement Savings Account (RSA) Contribution

According to the Pension Reform Act 2014, when your account has been activated, we will provide you with an account number with our PFC (UBA Pension Custodian Limited) into which your employer will be required to pay your monthly contributions, in the following proportion.

	Employer (Minimum Contribution)	Employee (Minimum Contribution)
Private Sector Employees	10%	8%
Public Sector Employees	10%	8%

The schedule of contribution will ensure that staff accounts are credited appropriately in good time.

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The main objective of the Data Recapture Exercise is to obtain complete and accurate data of all RSA holders (both active and retired) in line with the provisions of Section 23(e) of the PRA 2014. • The Exercise will further enable PFAs to obtain the National Identity Numbers (NIN) of their RSA holders to ensure compliance with NlMC’s minimum biodata requirements and the use of NIN as a unique identifier for all Nigerians. • It would provide a platform for the collation of relevant information on employees of Federal and State Government Treasury Funded MDAs who transited from the erstwhile DB Scheme to the CPS. The information would facilitate the expeditious computation of their accrued rights and eliminate the need for yearly enrolment of those due for retirement.

FUND INFORMATION

April 18th, 2024

Fund 1

1.6459

Fund 2

3.6254

Fund 3

2.1054

Fund 4

3.1017

Micropension

1.0866