Retirement Saving Account (RSA) is a dedicated account opened with a Pension Fund Administrator as specified under Sec 11 of the PRA of 2004. A plan for setting aside money to be spent after retirement (Pension).

It is mandatory for every employer with at least 3 employees is mandated by law to open RSA with a PFA for all her employees.

RSA opening requirements

• RSA Form
• 1 Passport Photograph (On plain white background)
• Copy of Means of Identification (Staff ID card)

NSITF requirement

• A letter requesting for the transferred fund (applicable to those on monthly pension, paid off (Enbloc) if inflow is less than #550,000 (Five Hundred and Fifty Thousand Naira only)