Temporary Access To Retirement Savings Account (25% Payment)
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A Retirement Savings Account (RSA) holder below the age of
50 years may with the approval of the National Pension Commission (PenCom) withdraw an
amount of money not exceeding 25% of the current balance in his/her RSA after being out of employment
(voluntary retirement, disengagement) for a period of at least four (4) months. The relevant documents listed on the checklist should be submitted
at any FCMB Pensions office nearest to you to enable us forward your application to
PenCom for payment approval.
It is important to note that 25% of the RSA balance can only be accessed once hence the name "temporary access to RSA".
Documentation Requirement Checklist for Twenty Five Percent (25%)
- Data Recapture Exercise – This is mandatory for all RSA holders
- Duly filled FCMB Pensions Notice of Retirement form
- Retirement/Disengagement Letter
- Written Application
- Retirement Benefit Registration/verification Slip (treasury funded FGN retirees ONLY)
- Evidence of any Accrued Pension Rights/Acknowledgement of non-indebtedness by employer (private sector ONLY)
- Two Passport Photographs
- Bank confirmation of account (affix Passport and stamped across by the Bank)
- Sworn Age Declaration/Birth Certificate
- Means of identification (National ID/Driver’s license/International passport)
Please note that the National Pension Commission (PenCom) has directed that ALL RSA holders (Active and Retired) should carry out data update exercise.