The National Pension Commission (PenCom) has unveiled a new policy aimed at accelerating benefit payments to Retirement Savings Account (RSA) holders, enhancing efficiency and service delivery in the pension sector.
Under this directive, Pension Fund Administrators (PFAs) will no longer need to seek approval or obtain a “No Objection” from PenCom before processing and disbursing benefits such as Programmed Withdrawal, Retiree Life Annuity, and Temporary Loss of Employment benefits. …CONTINUE READING
