10,582,299 workers have pension accounts- PenCom
It has been revealed that the total number of workers with Retirement Savings Accounts (RSA) under the Contributory Pension Scheme stood at 10,582,29 as of the end of December 2024.
According to the National Pension Commission (PenCom)’s monthly and quarterly reports revealed that the figure maintained a steady rise quarterly.
It states, “By Q3 2024, there were 10,536,088 Registered Retirement Savings Accounts (RSAs), representing a growing adoption of the pension system. Notable highlights include 118,339 new RSA registrations in the year-to-date period for 2024, reflecting consistent awareness and inclusion efforts.
“Over the past five years, RSA registration increased by 13.93%, from 9,215,788 in Q4 2020 to 10,499,358 in Q3 2024. Of the registered members, 61% were male, and 38% were female during this period.” One industry expert commends PenCom on the efforts at creating awareness but added that they should increase such efforts to the states the more.