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.
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
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 CEOs.
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