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Retirement Benefits

The Future is Yours. Choose How You Enjoy it.

You’ve put in the effort; now it’s time to explore the effortless and flexible ways to unlock your retirement benefits.

25% Temporary Loss of Job

An RSA holder who is below 50 years of age and remains unemployed for a period of four months following disengagement from employment is eligible to withdraw up to 25% of the balance in his or her Retirement Savings Account. This withdrawal option is permitted only once in a lifetime. However, if the RSA holder secures new employment before attaining the age of 50, regular pension contributions into the RSA shall resume accordingly.

Your pension is more than savings — it’s support when life takes an unexpected turn

"A good pension doesn’t just secure your finances — it safeguards your health too."

Personal Pension Plan

The Personal Pension Plan (PPP) is an arrangement under the Contributory Pension Scheme (CPS) that enables self-employed individuals and persons working in organizations with fewer than three (3) employees to make periodic financial contributions towards securing pension benefits for retirement or in the event of incapacitation.

Empowering self‑employed individuals to save with confidence

"A good pension doesn’t just secure your finances — it safeguards your health too."

Foreigner Currency Pension Contributions

It is designed to deepen CPS participation of Nigerians in the diaspora and other eligible contributors, while safeguarding the integrity and transparency of the pension system.

A good pension doesn’t just secure your finances — it safeguards your health too.

"A good pension doesn’t just secure your finances — it safeguards your health too."

Are You Eligible? A Simple Checklist

To access your RSA balance on medical grounds, the primary condition is that your employment has ceased due to a significant health issue. Here are the key criteria:

  • You must be an RSA holder who has stopped working due to a permanent physical or mental disability.
  •  Your condition must be certified by a qualified physician or a properly constituted Medical Board.
  • You have more than 3 years left until your official retirement date.

The Process Made Simple: How to Apply

01

Obtain the Necessary Medical Report

  • Your first step is to get a formal medical report or certificate from a qualified physician or a Medical Board.
  • This report must clearly state that you are no longer mentally or physically capable of continuing your job functions due to the health condition.

02

 Get Your Employer's Confirmation

  • You will need an official letter from your last employer.
  • This letter should confirm that your employment has ended specifically due to the medical condition certified by the physician/Medical Board.

03

Contact Us to Begin Your Application

  • Reach out to our dedicated support team to start your application. You can:
    Call our dedicated Benefit Support Line: 0800-0000000
    Email us: benefits@parthianpensions.com
  • Visit any [Link: Parthian Pensions Branch] with your documents.

04

We'll Guide You Through the Paperwork

  • Our team will provide you with the necessary forms and a clear checklist of all required documents.
  • We will help you review everything to ensure your application is complete and accurate.

05

Submission to PenCom & Payment

  • Once your application is complete, Parthian Pensions will submit it to the National Pension Commission (PenCom) for final approval.
  • Upon receiving PenCom’s approval, the funds will be paid directly into your bank account.

What You'll Need (Key Document Checklist):

While our team will provide a full list, here are the key documents you will need to prepare:

  • The official Medical Report from a physician or Medical Board.
  • The formal Letter of Retirement/Termination from your former employer, confirming it was on medical grounds.
  • A formal application letter written by you.
  • Your last payslip or evidence of total annual remuneration.
  • A valid Means of Identification (e.g., National ID, Driver’s License, International Passport).
  • Bank account details (so we know where to pay the funds).

Our team will assist you in compiling this information, so please don't hesitate to ask for help.

Frequently Asked Questions (FAQs)

25% Temporary Loss of Job

A person who is below 50 years of age and has been out of employment for at least four (4) months, whether due to resignation or termination, is eligible to apply for up to 25% withdrawal of their Retirement Savings Account (RSA) balance, provided they have not secured another employment.

Kindly download our checklist for the necessary documents.

Just once.

Personal Pension Plan

Self-employed individuals, persons working in organizations with an RSA account

 

Self-employed individuals, persons working in organizations with an RSA account

 

  1. Flexible contribution remittances anytime without amount restriction
  2. Opportunity to make withdrawal prior to retirement (40% of contribution)
  3. Financial independence in old age

 

Kindly download our checklist for the necessary documents

Foreigner Currency Pension Contributions

Nigerians working in diaspora can open FCP account.

 

Kindly download our checklist for the necessary documents

 

Need Help or Have Questions?

• Call our Transfer Helpline: 0700-00-72784736
• Email us: info@parthianpensions.com
• Visit any of our Branch Locations

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