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Retiree Funds

Enjoy Your Retirement with Confidence

and Peace of Mind.

Discover how Parthian Pensions supports you through our dedicated Retiree Fund and specialized services, ensuring a secure and comfortable retirement.

Welcome to Your Well-Deserved Retirement

Congratulations on reaching this important milestone! At Parthian Pensions, we understand that retirement is a new and exciting chapter in your life. We are committed to ensuring it’s also a period of financial security, comfort, and peace of mind. Our dedicated services for retirees and our specialized Retiree Fund are designed to support you every step of the way.

Your Peace of Mind: The Retiree Fund (Fund IV) Explained

Once you retire and opt for Programmed Withdrawal, your accumulated pension savings are moved into the Retiree Fund (Fund IV). This fund is specifically designed with your needs in mind:

Focus on Safety:

The primary goal of Fund IV is to protect your hard-earned savings. It is managed conservatively, with investments primarily in low-risk instruments like bonds and money market securities.

Steady Income:

While preserving your capital, Fund IV also aims to provide a steady source of income to support your regular pension payments.

PenCom Regulated:

 Like all our pension funds, Fund IV is strictly regulated by the National Pension Commission (PenCom) to ensure its security and proper management.

With the Retiree Fund, you can be confident that your savings are being managed prudently to support you throughout your retirement.

Choosing How to Receive Your Pension

Once you retire and opt for Programmed Withdrawal, your accumulated pension savings are moved into the Retiree Fund (Fund IV). This fund is specifically designed with your needs in mind:

  • Programmed Withdrawal (PW):
  • What it is: Receive regular payments (monthly or quarterly, as you prefer) directly from your RSA with Parthian Pensions.
  • These payments are calculated based on your RSA balance and expected lifespan.
  • How it works: We’ll guide you through the application process. Once approved, you’ll start receiving your periodic pension.
  • Flexibility: Your RSA balance in Fund IV continues to be invested, potentially earning returns even as you draw down.
  • Transparency: You’ll receive regular statements showing your balance and payments.
  • Annuity Purchase:
  • What it is: Use your RSA balance to purchase an Annuity from a licensed Life Insurance company.
  • An annuity provides a guaranteed income stream for life or a fixed period.
  • How Parthian Helps: While we don’t sell annuities directly, we will guide you through the process, provide you with the necessary information, and facilitate the transfer of your RSA balance to your chosen PenCom-approved Life Insurance company once you’ve made your selection.

Our team is here to explain these options clearly, helping you choose the one that best suits your personal circumstances and retirement goals.

Dedicated Retiree Support:

Access to a specialized team ready to assist with your enquiries via phone, email, or in person at our branches.

Prompt Pension Payments:

We prioritize the timely processing and payment of your programmed withdrawals.

Easy Account Access:

Securely view your RSA balance, transaction history, and pension payment schedule through our user-friendly online portal and mobile app.

Documentation Assistance:

Our team will help you navigate any necessary paperwork for accessing your benefits or updating your details.

Clear & Regular Statements:

Receive periodic statements detailing your pension payments and account status.

Notification Services:

Stay informed about your account and important updates.

 

Support for Next of Kin:

Clear guidance and assistance for beneficiaries in the event of a retiree’s demise.

Making the Most of Your Retirement

Stay Informed

Regularly review your statements and keep an eye on communications from us.

Keep Your Details Updated:

Ensure your contact information and bank details are always current to avoid any disruption in your pension payments.

Explore Resources:

Visit our [Link: Financial Literacy Hub] for articles and tips on managing your finances in retirement.

Frequently Asked Questions (FAQs)

It's based on your RSA balance at retirement, your age, gender, and an expected lifespan calculation as per PenCom guidelines, aiming to provide you with income for as long as possible.

You can typically choose to receive payments monthly or quarterly.

You can do this by visiting our branch with a valid ID and new account details or through a secure process on our portal.

Statements are sent periodically via email. You can also access them anytime through our [Link: Online Portal/Mobile App].

The remaining balance in your RSA will be paid to your named beneficiary(ies) according to PenCom regulations. We provide clear guidance on this process.

We're Here to Help You Every Step of the Way!

Need Help or Have Questions?

• Call our Transfer Helpline: +234 2017 004 000
• Email us: info@parthianpensions.com
• Visit any of our Branch Locations

Connect with us

Explore More of our Products and Services

Retirement Savings Account (RSA)
Voluntary Contributions
Multi-Fund Structure Explained
Cross Border Arrangements
Micro Pension Plan
Retiree Fund
Ethical/Non-Interest Fund
NSITF Funds Transfer
Defined Benefit Scheme

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1st Floor, NIJ House, 20 Adeyemo Alakija Str, V/Island, Lagos

+(234) 703 724 2322

info@parthianpensions.com

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Copyright 2025 Parthian Pensions Limited. All rights reserved

Copyright 2025 Parthian Pensions Limited.
All rights reserved

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