Retirement on medical grounds shall be when an employee disengages from active service based on the advice of a suitably qualified physician or medical board certifying that the employee is no longer mentally or physically capable of carrying out the functions of his/her office due to total or permanent disability either of mind or body.
Benefits Accessible
An RSA holder retiring on medical ground can access the balance in his/her RSA account.
Requirements to be fulfilled by the RSA Holder
An RSA holder retiring on medical grounds or his/her representative or employer shall provide the original copies of the following documents:
A medical certificate issued by a properly constituted Medical Board or a suitably qualified physician; (The Commission shall advise operators in this regard after due consultation with the Medical Association of Nigeria).
Letter of notification of retirement issued by his/her employer also authenticating the medical certificate; and
Pay slip or evidence of total annual remuneration.
Evidence of any accrued pension rights/acknowledgement of indebtedness (if an employee in the private sector).
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
