The Pension Reform Act of 2004 makes it mandatory for all employed citizens to plan for the future by opening a Retirement Savings Account (RSA). The scheme allows for the mandatory remittance of 15% of your monthly Basic, Housing and Transport allowances by your employer made up of 7.5% deduction from the employee (2.5%, in case of the military) and 7.5% contributed by the employer.
Opening an RSA with Leadway Pensure PFA provides you with a great platform of opportunities and comfort as you prepare for retirement. Youu can open an RSA with Leadway Pensure from anywhere. You can download and fill our RSA Form. Alternatively, you may call any of our offices nationwide to request an officer to come and register you.
When the duly completed RSA form is received, it is processed and you would be issued a Retirement Savings Account Number which is the same as your PENCOM Personal Identification Number (PENCOM PIN). This would be communicated to you via sms, a welcome letter and via email. Please notify your employer of your registration status once you get your PIN. Your monthly contributions will be made on your behalf to us by your employer.
ADDITIONAL VOLUNTARY CONTRIBUTION
The Additional Voluntary Contribution is a discretionary savings opportunity with many advantages and benefits is one of the most effective ways to ensure you achieve your future savings target without the extras of taxes and charges. It is highly advised that you take up our AVC option.
To start your AVC today, all you need do is fill our AVC and make a duly filled and signed copy available to your organization’s pension/payroll desk. Then your specified voluntary contribution, which could be accessed at your discretion, would be deducted from source at specified intervals and remitted into your RSA. Click here to find out more about our Additional Voluntary Contribution.
CHANGE OF EMPLOYER
Our customers change their job from time to time and as they change, they are mandated to inform us. As the Retirement Savings Account is a continuous one and should be transferred from one employer to the new one, you do not need to fill a new RSA form to obtain another PIN. It is very imperative that you do the necessary update to ensure your new employer commences funding of your RSA and you continue to enjoy great service delivery.
Please find below the checklist to ensure this when you change jobs.
- Provide your new employer with:
a.
Your PENCOM PIN (which is the same as your Retirement Saving Account Number)
b.
Name of Your PFA (LEADWAY PENSURE PFA Limited)
c.
Email to send soft copy contribution schedule for every pension remittance made on your behalf (contributions@leadway-pensure.com)
- Fill Data Correction Form to enable us update our database with your most recent details.
When this is done, our correspondences would reach you timely, regularly and with correct details. |
