Update on RSA Transfer System (RTS) 4th Quarter 2022
National Pension Commission (PenCom) has released its report on Retirement Savings Account (RSA) holders that transferred their RSA from one Pension Fund Administrator (PFA) to another, from inception of the RSA Transfer System to 4th quarter 2022.
The report shows that 34,283 Retirement Savings Account (RSA) holders initiated RSA transfers from one Pension Fund Administrators (PFAs) to another, in the 4th quarter of 2022, the RSA holders moved N131,785,628,655.76 between the PFAs. The total value transferred decreased by 7.91% compared to the previous quarter while there was an increase of 10.69% in number of RSAs transferred. The total value transferred for 4th quarter of 2022 is the second highest, while the total number of RSAs transferred is the highest since opening of the transfer window in 2020.
PenCom further stated that the total RSA transfers since the launch of the RSA Transfer System on 16 November 2020 is now 143,805 and the RSA holders have moved a grand total of N552,084,849,650.19 between the PFAs.
RSA Transfer per quarter from Inception of RTS to 4th Quarter 2022 (Table)
| SN | RSA Transfer Quarter | Number of RSAs | Total Value of Pension |
|---|---|---|---|
| 1 | TQ4:2020 | 2,799 | 18,898,848,438.79 |
| 2 | TQ1:2021 | 12,681 | 47,778,631,048.65 |
| 3 | TQ2:2021 | 10,166 | 35,886,426,489.02 |
| 4 | TQ3:2021 | 12,872 | 45,563,062,199.40 |
| 5 | TQ4:2021 | 12,874 | 42,493,258,655.54 |
| 6 | TQ1:2022 | 12,336 | 36,361,438,268.09 |
| 7 | TQ2:2022 | 14,821 | 50,218,505,218.53 |
| 8 | TQ3:2022 | 30,973 | 143,099,050,676.41 |
| 9 | TQ4:2022 | 34,283 | 131,785,628,655.76 |
| Inception to Date | 143,805 | 552,084,849,650.19 |
With the opening of the Transfer Window, retirees can now move from one PFA to another but the transfer window is structured in such a way that, even though RSA holders are allowed to submit transfer requests at any time, the actual transfers only happens at the end of every quarter and only transfer requests submitted in the 1st and 2nd month of a quarter are treated at the end of that quarter while transfer requests submitted in the 3rd month of a quarter are treated at the end of the following quarter.
If you are thinking of changing your PFA you should check out
How to change your PFA and What to do afterwards
FAQs on RSA Transfer Window – What You Should Know
Check below for PensionNigeria breakdown of all the important aspects of the PenCom 4th Quarter 2022 Report
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DONT MISS our 4th Quarter 2022 Report Series
Update on RSA Transfer System (RTS) 4th Quarter 2022
List of Organisations Issued Compliance Certificates in the Year 2022
Total RSA Registration as at 31 December 2022
Status of Contributory Pension Assets as at 31 December 2022
Micro Pension Registrations per PFA & Fastest Growing PFAs as at 31 December 2022
Status of Implementation of CPS in States as at 31 December 2022
Director General’s Remarks on PenCom 4th Quarter 2022 Report
Analysis of Pension Operating Environment 4th Quarter 2022
Appointment & Resignation of Pension Operators’ Board Members and Top Management Q4 2022
Recovery Agents recover ₦24.15 billion from Defaulting Employers as PenCom takes 34 Employers to Court
Update on NSITF & Refund of Pension Contribution to Military & SSS Q4 2022
Update on ₦2 Billion Monthly Commitment by Lagos State Govt to defray Outstanding Accrued Rights of Retirees as at Dec 2022
Ekiti State appoints Veritas PFA to manage Retirement Benefit Bond Redemption Fund
Rivers State extends its transition period to Contributory Pension Scheme
PenCom responds to query on refund of Pension Contributions to Zamfara State
Micro Pension Contributions received per PFA Q4 2022
Update on the Micro Pension Plan Q4 2022
RSA Registrations per PFA for 4th Quarter 2022
RSA Registration Age and Gender Breakdown for Q4 2022
PenCom approved over N1.72 Trillion for PFAs to pay RSA Holders as at Q4 2022
Also Check out
Performance of all PFAs in Nigeria for Full Year 2022
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