RSA Registration Age and Gender Breakdown for Q3 2022
The analysis of Retirement Savings Account (RSA) registrations for the quarter, July to September 2022, by age and gender has revealed that 96.24% of RSA holders are below 50 years of age.
This points to the increasing sustainability of the Contributory Pension Scheme (CPS), as the younger generation are actively being enlisted into the scheme.
The report revealed that during the 3rd quarter of 2022, 51.60% RSA holders are less than 30 years old, while 34.02% RSA holders are between the ages of 30 and 39 years old and 10.62% RSA holders are between 40 and 49 years old.
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On gender distribution, 64.5% of those registered under the CPS during the 3rd quarter of 2022 are males, thus sustaining dominance over the female gender in terms of total registration under the scheme.
The table below provides details on the age and gender distribution of all RSA registrations during the 3rd quarter of 2022.
We do not have RSA registration age and gender breakdown from inception to 30 September 2022 because it was not released by National Pension Commission (PenCom), and we could not just add the data for 3rd quarter 2022 with data as at 30 June 2022 because of invalidated RSAs (duplicated RSAs removed from the system). We hope PenCom will include in its year end report, the RSA registration age and gender breakdown from inception to 31 December 2022.
You can check out RSA Registration Age and Gender Breakdown from inception to 30 June 2022 HERE
Check below for PensionNigeria breakdown of all the important aspects of the PenCom 3rd Quarter 2022 Report
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DONT MISS our 3rd Quarter 2022 Report Series
Director General’s Remarks on PenCom 3rd Quarter 2022 Report
Analysis of Pension Operating Environment 3rd Quarter 2022
Appointment & Resignation of Pension Operators’ Board Members and Top Management Q3 2022
Recovery Agents recover ₦23.30 billion from Defaulting Employers as PenCom takes 19 Employers to Court over Non-Remittance of Pension Contributions in Q3 2022
Update on NSITF & Refund of Pension Contribution to Military & SSS Q3 2022
Lagos State only paid about half of the amount it committed to clear outstanding Accrued Rights of its Retirees
Kaduna State is not fully Implementing Contributory Pension Scheme but seeks PFAs to invest Pension Funds in Kaduna State Bonds
Ekiti State Pays 1st Batch of Retirees under CPS, plans to implement VC for Exempted Employees
Zamfara State exited CPS & PenCom has refund their Pension Contributions but Retirees are still not better off
Update on Benue & Bauchi State Pension Reform Laws
PenCom Engagements with 5 States on Implementation of Contributory Pension Scheme
Update on RSA Transfer System (RTS) 3rd Quarter 2022
Micro Pension Registrations per PFA & Fastest Growing PFAs as at 30 September 2022
Micro Pension Contributions received per PFA Q3 2022
Update on the Micro Pension Plan Q3 2022
List of Organisations Issued Compliance Certificates as at 30 September 2022
Total RSA Registration as at 30 September 2022
Status of Contributory Pension Assets as at September 2022
Biggest PFAs & Fastest Growing PFAs by RSA Registrations 30 September 2022
RSA Registration Age and Gender Breakdown for Q3 2022
PenCom approved over N1.66 Trillion for PFAs to pay RSA Holders as at Q3 2022
Status of Implementation of CPS in States as at 30 September 2022
Also Check out
Performance of all PFAs in Nigeria for January to September 2022 (Year to Date)
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