187 workers acquire homes with pension

No fewer than 187 holders of the Retirement Savings Account (RSA) under the Contributory Pension Scheme (CPS) have acquired homes using 25 percent of their pension. The National Pension Commission (PenCom) has ordered Pension Fund Administrators (PFAs) to disburse N3.1 billion to the RSA holders for assessing residential mortgage, following their request in accordance to Pension Mortgage Guidelines. The amount was disbursed at the end of last month and it represented the 25 per cent from the RSA balance required for pension residential mortgage payment as stipulated by the Pension Reform Act 2014. The Nation