Contributing to a Retirement Savings Account
In accordance with the Pension Reforms Act (PRA), employers are required to make contributions to the Retirement Savings Account (RSA) of their employees. The minimum is 10% for the employer and 8% for the employee. These payments are sent to the Pension Fund Custodian's (PFC) account information below and are credited to the RSA as instructed by employers on the remittance schedule provided. The remittance schedule is a document in an excel format that contains details of the beneficiaries and how the contributions should be apportioned. Account Name: ZPC/SIPML PENSION Account Number: 1010885522 Sort Code: 057150013 Bank: Zenith Bank Plc
Some of the benefits
Safety
Stanbic IBTC Pension Managers Limited is backed by strong and reputable financial institutions
Convenience
Ease of Account Access via Internet, telephone, e-mail and SMS, as well as ease of retirement pay-outs
Track Record
The Stanbic IBTC Group has been managing funds for companies and individuals for over 2 decades
Returns
Enjoy good and competitive returns on your pension investment
How to Contribute to your RSA
- As an employee, simply forward your Retirement Savings Account (RSA) Personal Identification Number (PIN) to your Human Resources Department and inform them of the Pension Fund Administrator (PFA) you have chosen. Your RSA PIN is a Prefix PEN with 12 digits i.e. (PENXXXXXXXXXXXX)
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As an employer, simply credit your staff retirement accounts by making payment into the account below and advise their PINs using this contribution schedule excel format. You will be required to have an employer code before remittances can be made.
Account Name: ZPC/SIPML PENSION
Account Number: 1010885522
Sort Code: 057150013
Bank: Any Branch of Zenith Bank Plc
What Should I Know?
- 18% of your monthly emoluments is to be contributed toward your retirement.
- 8% of this amount is from your monthly wages and the difference of 10% is contributed by your employer
- Only your employer can remit contributions on your behalf, individuals cannot remit by themselves.
- All contributions are invested on your behalf so your funds would continue to yield returns
- Increase your pension fund by making Voluntary Contributions
Do you need an employer code? Send an email to [email protected]
-
How to Contribute to your RSA
-
What Should I Know?
- As an employee, simply forward your Retirement Savings Account (RSA) Personal Identification Number (PIN) to your Human Resources Department and inform them of the Pension Fund Administrator (PFA) you have chosen. Your RSA PIN is a Prefix PEN with 12 digits i.e. (PENXXXXXXXXXXXX)
-
As an employer, simply credit your staff retirement accounts by making payment into the account below and advise their PINs using this contribution schedule excel format. You will be required to have an employer code before remittances can be made.
Account Name: ZPC/SIPML PENSION
Account Number: 1010885522
Sort Code: 057150013
Bank: Any Branch of Zenith Bank Plc
- 18% of your monthly emoluments is to be contributed toward your retirement.
- 8% of this amount is from your monthly wages and the difference of 10% is contributed by your employer
- Only your employer can remit contributions on your behalf, individuals cannot remit by themselves.
- All contributions are invested on your behalf so your funds would continue to yield returns
- Increase your pension fund by making Voluntary Contributions
Do you need an employer code? Send an email to [email protected]
We also offer
RSA Registration
Retirement Savings Accounts are designed to ensure that funds are set aside and invested on your behalf until retirement. start saving now to secure a better future
Micro Pensions Account
Micro Pensions is specifically designed for the individuals in the informal sectors, so that they can also participate and benefit from the scheme towards a blissful retirement