The balance in the RSA will be applied towards the payment of monthly pension to the retiree on programmed withdrawal. In the case of annuity, it is applied to procure a monthly annuity for life from a Life Assurance company.
- 21. Can I make a lump sum withdrawal of more than 25% of my RSA balance?
- 19. What happens to an employee who retired under the CPS due to physical or mental incapacity, but subsequently is recertified fit and proper for employment?