23. Why would the RSA balance of two employees who were employed on the same day/level be different at retirement? – PensionNigeria

23. Why would the RSA balance of two employees who were employed on the same day/level be different at retirement?

The RSA balances may differ due to the following major reasons:

  1. The timing and regularity of their promotion may be different
  2. Their respective Grade Levels/Steps as at June 2004 and resulting amounts of accrued rights generated under the defunct Defined Benefit scheme may be different
  3. The regularity of remittance of pension contributions under the CPS may be different
  4. Return on investment by the PFAs may differ slightly due to their investment decisions and prevailing market conditions.
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