PenCom DG, Aisha Dahir-Umar

By Ngozi Onyeakusi—-The National Pension Commission (PenCom) has approved the withdrawal of over N1.72 trillion for Pension Fund Administrators to pay Retirement Savings Account (RSA) holders from inception to 31st December 2022.

According to PenCom in its 2022 4th quarter report, retirees on programme withdrawal topped the list of withdrawal with a total withdrawal of N922.22 bn, followed by Death Benefits which is N328.05 bn.

Others are; Retirment on Annuity N207.68 bn, 25 per cent withdrawal N188.51, Enbloc withdrawal N38.71bn and Voluntary Contribution N33.82 bn