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Retirement Saving Account (RSA) Reconciliation and Administration

By: Centre for Public Service Productivity and Development

State, Nigeria

09 - 11 Aug, 2022  3 days

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NGN 145,000

Venue: Lagos

Other Dates

Venue Date Fee  
Abuja, State, Nigeria 06 - 08 Dec, 2022 NGN145000

A Retirement Savings Account (RSA) is a Defined Contribution Plan required under the Pensions Reform Act 2014. It can be opened by every employee in an organization with 3 staff or more. This training works you through the entire process of a retirement saving account, with no stones unturned.

Features/Outlines

  • Mandatory: Every employer employing more than 5 employees is mandated by law to open RSA for all employees with a PFA.
  • Contributory: Means both the employer and employee will make monthly contributions into the RSA.
  • Fully funded: The monthly contributions guarantee that the RSA remain fully funded to meet the liquidity needs at retirement.
  • Access to funds begins at 50 years or 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.
  • Quarterly Statement of Account.

Who Will it Benefit?

All Employees, Professionals, Employers of labor, Administrators, Directors, and Ceo’s.

Lagos Aug 09 - 11 Aug, 2022
Abuja, State, Nigeria 06 - 08 Dec, 2022
NGN 145,000.00
(Convert Currency)

Dr Chris Egbu +2348023194131

Organisation sponsoring more than 2 staff will get 10% discount.

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