Can I withdraw any portion of it before age 50?

If an employee retires before the age of 50 years in accordance with the terms and conditions of his employment, or as a result of physical or mental disability, he may withdraw a lump sum of money of not more than 25% of the amount in his Retirement Savings Account (RSA), provided that such withdrawals shall only be made after four months of retirement and the retired employee does not secure another employment.

The balance of 75% will be used to purchase an annuity from a life insurance company or to fund programmed withdrawals from the RSA upon the attainment of age 50. On the other hand, the balance is paid EnBloc provided that it is less than or equal to N550,000.00