{"id":29342,"date":"2022-06-11T17:54:07","date_gmt":"2022-06-11T17:54:07","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=29342"},"modified":"2022-06-11T17:54:07","modified_gmt":"2022-06-11T17:54:07","slug":"pfas-register-93114-retirement-savings-accounts-in-q1-pencom","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/06\/11\/pfas-register-93114-retirement-savings-accounts-in-q1-pencom\/","title":{"rendered":"PFAs register 93,114 Retirement Savings Accounts in Q1 \u2014 PenCom"},"content":{"rendered":"
\n

The National Pension Commission (PenCom) says\u00a0 Pension Fund Administrators (PFAs) registered 93,114 Retirement Savings Accounts (RSAs), in the first quarter (Q1) of 2022.<\/span><\/h1>\n<\/header>\n
\n

This was obtained from the organisation\u2019s official website on CSO, INEC move to increase\u00a0 PVC collection, registration in 15\u00a0 states<\/a>Friday in Abuja.<\/p>\n

According to the report, the PFAs registered 93,114 RSAs during the quarter under review, which brought the cumulative RSA registrations from inception, to 9,621,979 as at March 31.<\/p>\n

The report stated that the RSA Transfer System (RTS), was a total of 7,663 RSA holders initiated RSA transfers, in the first RSA Transfer Quarter of 2022, which was concluded in the first week of April 2022.<\/p>\n

\u201c This covered RSA transfer requests, submitted by PFAs between\u00a0 January 1, and\u00a0 March 31, which were eligible for RSA transfer in the first quarter of 2022.<\/p>\n

\u201c Out of the total RSA transfers initiated, 5,543 RSAs were transferred to their new PFAs, along with their associated pension assets, while 2,120 transfer requests failed.<\/p>\n

\u201c The failed submissions by PFAs could be attributed to their internal processes, as all the PFAs recorded some failed RSA transfer request submissions,\u201d\u00a0 the report said.<\/p>\n

Also, the report stated that PenCOM received an application from the Nigeria Social Insurance Trust Fund (NSITF), to transfer NSITF contributions<\/a>, on behalf of 218 NSITF contributors during the quarter under review.<\/p>\n

\u201c Approval was granted to transfer N11.53 million to the RSAs of 213 contributors; on a similar note, the commission approved monthly pensions in the sum of N40.47 million to 2,304 NSITF pensioners,\u201d it said<\/p>\n

The report also stated that the compliance by State Governments to the status of Implementation of the CPS and other Schemes as at Q1 2022 impressive.<\/p>\n

\u201c 25 States of the Federation had enacted pension laws on the CPS, while eight states are at the bill stage, four states adopted the Contributory Defined Benefits Scheme (CDBS).\u201d<\/p>\n

PenCom\u00a0 received 11,200 applications from private sector organisations for the issuance of Pension Clearance Certificates (PCCs).<\/p>\n

\u201c Out of this number, PCCs were issued to 10,541 organisations, while 659 applications were in the approval process as at March 31.<\/p>\n

\u201c The records showed that the 10,541 organisations actions had remitted a total sum of N59,39 billion into the RSAs of their employees, totaling 45,170,\u201d it added.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The National Pension Commission (PenCom) says\u00a0 Pension Fund Administrators (PFAs) registered 93,114 Retirement Savings Accounts (RSAs), in the first quarter (Q1) of 2022. This was obtained from the organisation\u2019s official website on CSO, INEC move to increase\u00a0 PVC collection, registration in 15\u00a0 statesFriday in Abuja. According to the report, the PFAs registered 93,114 RSAs during […]<\/p>\n","protected":false},"author":4,"featured_media":29363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[11],"tags":[5815,4457,5816],"class_list":["post-29342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro","tag-employee","tag-organization","tag-record"],"yoast_head":"\nPFAs register 93,114 Retirement Savings Accounts in Q1 \u2014 PenCom » BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/06\/11\/pfas-register-93114-retirement-savings-accounts-in-q1-pencom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PFAs register 93,114 Retirement Savings Accounts in Q1 \u2014 PenCom\" \/>\n<meta property=\"og:description\" content=\"The National Pension Commission (PenCom) says\u00a0 Pension Fund Administrators (PFAs) registered 93,114 Retirement Savings Accounts (RSAs), in the first quarter (Q1) of 2022. This was obtained from the organisation\u2019s official website on CSO, INEC move to increase\u00a0 PVC collection, registration in 15\u00a0 statesFriday in Abuja. 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