Contributors who are 49 years and below are in Fund II by default, but they can choose to move to Fund I. While contributors who are 50 years are in Fund III by default, but can choose to move to Fund II. However, contributors on Funds IV and VI are not allowed to move to any other Fund, while contributors on Fund V can move to either Fund II or III if they secure formal employment. Movements between the respective Funds are free once a year. Any subsequent request for movement is liable to nominal fees to be prescribed by PenCom.
- 09. What is the rate of return on investment of pension assets?
- 07. What are the Funds under the RSA Multi-Fund Structure?