NATIONAL PENSION COMMISSION SETS TO LAUNCH ITS RETIREMENT SAVINGS ACCOUNT TRANSFER SYSTEM
The National Pension Commission is set to launch its Retirement Savings Account (RSA) Transfer System.
In a press statement issued by the management, it informed all stakeholders, Retirement Savings Account holders under the Contributory Pension Scheme that the RSA transfer system would take off from Monday, November 16.
Consequently, all RSA account holders can transfer their accounts from one Pension Fund Administrator (PFA) to another once in a year, in line with Section 13 of the Pension Reform Act 2014.
The National Pension Commissions said the RSA transfer application is a robust electronic platform that would enable seamless RSA transfers.
It also stated that the Commission had conducted extensive workshops for licensed Pension Operators and State Pension Bureaus in readiness for the launching.
The Commission added that the RSA transfer process would facilitate service delivery in the pension industry.
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