Retirement Savings Account (RSA)

Retirement Saving Account (RSA) is a dedicated account opened with a Pension Fund Administrator as specified under Section 11 of the Pension Reform Act of 2014.

Features & Benefits

  • Mandatory: Every employer with more than 5 employees is mandated by law to open RSA for all employees with a PFA.
  • Contributory: This means that both the employer and employee will make monthly contributions into the RSA.
  • Fully funded: The monthly contributions guarantee that the RSA remains fully funded to meet the liquidity needs at retirement.
  • RSA funds will be accessible once contributor is 50 years old or can be subject to terms and conditions of service. The contributor has a choice of either a Programmed Withdrawal or Annuity option to receive his/her pension.
  • Strictly supervised and regulated by a regulator that has the power of granting licenses and enforcing compliance with PRA 2014.
  • Contributors will receive a quarterly Statement of Account.

Fund Prices





Our Administrative Fee: View Details ₦100 Normal RSA
₦20 below ₦4,000 for Micro Pension
₦80 above ₦4,000 for Micro Pension

Rate of Returns: View Details FUND I - 6.74%
FUND II – 10.74%
FUND III – 13.51%
FUND IV – 12.22%

Number of RSAs Registered: 691,314