Fees: Administrative Fee of N100 per month per employee for the Retirement Savings Account fund.
RSA Rate of Return: Rate of returns on RSA Funds for Year 2014:5%
Retiree Rate of Return: Rate of returns on Retiree Funds for Year 2014: 8%
Average Rate of Return (RSA Fund): The three years rolling average Rate of returns on RSA Funds: 10%
Average Rate of Return (Retiree Fund): The two years rolling average Rate of returns on Retiree Funds:
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.