A Retirement Savings Account (RSA) holder below the age of 50 years may with the approval of the National Pension Commission (PenCom) withdraw an amount of money not exceeding 25% of the current balance in his/her RSA after being out of employment (voluntary retirement, disengagement) for a period of at least four (4) months.
The relevant documents listed on the checklist should be submitted at any FCMB Pensions office nearest to you to enable us forward your application to PenCom for payment approval. Client’s resident abroad can submit notarized copies of their documents via email.
It is important to note that 25% of the RSA balance can only be accessed once hence the name “temporary access to RSA”.
Please note that the National Pension Commission (PenCom) has directed that ALL RSA holders (Active and Retired) should carry out data update exercise.