Benefit administration is the process of the payment of retirement and terminal benefits as well as administration of Voluntary Contribution for contributors of Legacy Pension. According to section 7, sub-section (1) of the Pension Reform Act, 2014, a holder of a Retirement Savings Account (RSA) shall upon retirement or attaining the age of 50 years, whichever is later, utilize the amount credited to his or her (RSA) for the following benefits;
- Lump sum withdrawal
- Programmed Withdrawal
- Temporary Access (25%) to RSA
- En bloc Payment
- Death benefits Administration
- Voluntary Contributions withdrawal
