20. What happens to the balance in the RSA after any lump sum withdrawal? – PensionNigeria

20. What happens to the balance in the RSA after any lump sum withdrawal?

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.

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