03. What is Programmed Withdrawal? – PensionNigeria

03. What is Programmed Withdrawal?

This is a method by which the retiree collects his retirement benefits in monthly or quarterly amounts throughout the length of an estimated lifespan which is determined using mortality (actuarial) tables. This is a product offered by the PFA. When a retiree dies, any balance in the RSA will be paid to the duly nominated beneficiaries.

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