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Voluntary Contribution

The Voluntary Contribution (VC) applies to an existing RSA holder intending to boost his/her individual Retirement Savings. In other words, the RSA holder is willing to contribute more than the statutory 8% (employee portion) and 10% (employer portion) of the monthly emoluments.

Based on instructions given to your employer, the contribution is deducted from your monthly emolument by the employer and remitted into your Retirement Savings Account (RSA), along with the statutory pension contributions.

Radix Pension Managers provides advice to employees on Voluntary Contribution.