The Pension Reform Act, 2004 (the Act) provided that contributions into the NSITF scheme (the Scheme) together with accrued income shall be transferred into members. Retirement Savings Accounts (RSAs) after the expiration of the 5 years moratorium i.e. from July, 2009. The Act also provided that the Commission should supervise the transfer.
This means that the Pension Reform Act 2014 allows all contributors that have balances from contributions under the Nigeria Social Insurance Trust Fund (NSITF) Act to transfer their balance to their new Retirement Savings Account (RSA) residing with a Pension Fund Administrator.
Simply submit your original NSITF membership certificate along with a duly completed copy of NSITF Transfer Form and valid means of identification at any of our offices across the country. After receiving the application for fund transfer, we will then liaise with NSITF on your behalf to have the funds in your NSITF account transferred to your Retirement Savings Account.