16. Can the funds in an employee’s RSA be used as collateral for loan by the RSA holder or his employer? – PensionNigeria

16. Can the funds in an employee’s RSA be used as collateral for loan by the RSA holder or his employer?

The PRA 2014 prohibits the use of pension fund assets under the management of PFAs to offset or grant loans and credits or as collateral for any loan taken by the contributor or his employer.

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