According to the Pension Reform Act 2004,
your employer is mandated to make contributions from your
salary into your Retirement Savings
Account starting from
January 2005, in the following proportions:
Employee (Minimum Contribution)
Employer
(Maximum Contribution)
Private Sector Employees
7.5%
7.5%
Military
Employees
2.5%
12.5%
Are you an employer? Our contributions format will ensure that your staff's accounts are credited in good time.
Are you an employee? Simply forward your RSA PIN to your Human Resources department and inform them of the PFA you have chosen.
Pension fund up 27.33%, may hit N1.6trn by 2011.
As more workers in both the private and public sectors of the economy continue to register with licensed Pension Fund Administrators (PFAs) under the contributory pension scheme, there is growing optimism that the scheme would achieve its ambitious growth target of N1.6 trillion in asset by 2011. Read More
