Home > Benefit Administration > Intro to Benefit Administration

Benefit administration is the process of the payment of retirement and terminal benefits as well as administration of Voluntary Contribution for contributors of Legacy Pension. According to section 7, sub-section (1) of the Pension Reform Act, 2014,  a holder of a Retirement Savings Account (RSA) shall upon retirement or attaining the age of 50 years, whichever is later, utilize the amount credited to his or her (RSA) for the following benefits;

  • Lump sum withdrawal
  • Programmed Withdrawal
  • Temporary Access (25%) to RSA
  • En bloc Payment
  • Death benefits Administration
  • Voluntary Contributions withdrawal