Where my employer fails to make monthly remittances for me what can I do?
The enforcement task force of National Pension Commission has the responsibility of ensuring that defaulting employers are sanctioned. The Task force can be contacted directly or through the PFA.
How do I monitor my RSA contributions?
An SMS that indicates your balance will be sent to your phone whenever there is a transaction on your RSA. Leadway Pensure PFA will also send quarterly statements of account to you by email and through your mailing address. Also, you can monitor 24/7 by visiting our website.
What happens to my RSA and contributions when I change employers?
The RSA belongs to you and therefore a change in employer does not affect it as it is transferrable from one employer to another. For your pension remittance to continue, please inform your new employer of your pension details including your RSA number (PENCOM PIN), the name of your PFA and PFC details. It is very important that you inform the PFA whenever your details change to enable your records to be updated on our database.
What happens to my contributions made under the Nigeria Social Insurance Trust Fund (NSITF)?
The Pension Reform Act 2004 mandates that contributions made to NSITF should be transferred 5 years after the commencement of the new pension scheme, to your Pension Fund Administrator (PFA).
To ensure the transfer of your NSITF contributions, you are required to submit through your PFA, a completed NSITF transfer application form, your original NSITF certificate and a means of identification. Where there is no original certificate; the member would provide the following alongside the application form to the PFA; a sworn court affidavit (if your certificate is missing) and a letter of indemnity/identification from your employer.
How safe are my contributions?
The scheme is a highly regulated one with checks and balances in place and clear cut investment portfolio options that are designed to ensure the safety of the funds. With a clear cut demarcation of the administration of the funds by the Pension Fund Administrator (PFA), the actual custody of the funds by the Pension Fund Custodian (PFC) and the regulation and supervision by the regulator, PENCOM, your contributions are very safe.
Who is Leadway Pensure's primary PFC for the RSA Fund?
UBA Pensions Custodian Limited.
What happens to my contributions if I travel outside the country?
Your remittance continues if you have not reached retirement age. You could also continue to fund the account voluntarily, provided the foreign country’s pension regulator permits transfer of your contributions.
