Is the RSA Operated Like a Bank Account?
The RSA is similar to a bank account except that no contributor can withdraw money from the RSA before his/her...
FAQ
Will My Employer Also Contribute?
The employer shall contribute a minimum of 10% of the employee’s monthly emoluments towards the retirement benefits of the employee.
How Much Will an Employee Contribute Into the New Scheme?
An employee shall make monthly contributions of a minimum of 8% of the total of his/her monthly emoluments (i.e., monthly...
How Can i Know What is Happening To My Money?
Pension Fund Administrators (PFAs) will issue regular statements of accounts and profit from investments to the employees.
How Will I Benefit From The New Pension Scheme?
The new pension scheme will ensure that you receive your pension after retirement without any delay.
Are Pension Contributions Tax Free?
Contributions to the new pension scheme are tax free.
What is a Retirement Savings Account (RSA)?
Every employee or contributor under the new pension scheme is expected to open RSA in his/her name with a PFA...
