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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.

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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

Nov 19th, 2024

Fund 1

1.7878

Fund 2

3.9871

Fund 3

2.2915

Fund 4

3.3305

Micropension

1.1246