The Crusader Sterling Pension Limited bring to you a Retirement Savings Account (RSA). It is a Contribution Plan require under the Pensions Reform Act 2014.
Contact your pension provider if you’re not sure when you can take your pension. You can take up to 25% of the money built up in your pension as a tax-free lump sum. You’ll then have 6 months to start taking the remaining 75%, which you’ll usually pay tax on.
It can be open by every employee in any organization or society with 3 staff or more. Staff will therefore open and maintain a personal Retirement Savings Account (RSA), In their own names after which they would be issue a unique Personal Identification Number (PIN) by the National Pensions Commission.
Crusader Sterling Pension description
CrusaderSterling Pensions Limited is a member of the over 74 year-old Custodian Investment Plc. We have, on a sustainable basis (8 years) achieved one of the best returns on Retirement Savings Accounts funds in the Nigerian Pension Industry.
Our Fund price as at 30th June 2016 was N3.0184 which was the highest in the industry. This translates to a cumulative return of 201%. We have consistently led the industry in the last 8 years in terms of Returns on Investment (ROI) on Retirement Savings Account. The implication is that we have made more money for contributors (customers) than all other Pension Fund Administrators (PFA).
Our Customer support initiative is manage electronically and physically and is locate in all the 36 states capitals and our staff in those offices can access the company database on line real time. In the administration of retirement benefits, we have set a benchmark maximum of 12 working days on the average from start to finish within which any legitimate retiree with sufficient documentation can access his/her benefits in accordance with the laid down regulations issued by PENCOM.
We arrange fora and counseling sessions for retiring individual on the benefits of Annuity and Programmed Withdrawal to choose the best option. This is aside from the employer-based forum that takes place twice a year in the premises of the client. During the forum, we usually discuss topics such as Life after retirement, Entrepreneurship skills and opportunities, Industry updates amongst others. We also advise on the most efficient payment mechanism suited for each.
Other Services
Our other services include, the management of Retiree Funds, management of Defined Benefit Scheme, and assistance and support during National Social Insurance Trust Fund (NSITF) withdrawal. We were recently vote for the Best Performing Pension Company of the Year 2014 at the 3rd African Development Magazine Awards of Excellence which held in Accra.
We will instantly generate Personal Identification Number (PIN) and issue registration certificate at the point of registration; this is not easily achievable by our competition. Our clientele consists of employees of highly respected companies such as GTBank, NIBSS, NBC, MTN, Cadbury, Dangote Plc, CitiBank, Airtel, Old Mutual Insurance and many more.
Our Custodian is the First Pension Custodian Nigeria Limited owned 100% by First Bank Plc, the largest Bank in Nigeria. They were incorporated on August 16, 2005. They have easiest accessible branches spread across the country. This attests to the safety/custody of your funds.
Pension is an income received by a person during retirement.
when he/she stopped working because of having reached certain age or based on health condition in order to cater for his/her needs at old age. A pension may also be define as a benefit plan, where a fix sum is available at retirement age. Pensions should not be confuse with severance pay; the former is usually pays in regular installments for life after retirement,
while the later is typically pays as fix amount after involuntary termination of employment prior to retirement. It is a regular payment during a person’s retirement from an investment fund or account. To which the person and their employer(s) contributed during their time as an active member of the labour force
Monthly deductions and remittances of 10% and 8% of total monthly emolument are contributed by the employer and employee respectively into the RSA.
how to check my crusader pension account?
You could conveniently request account balances (active and retiree) using our SHORTCODE service from any mobile network in Nigeria. To Use This Service: Use your registered mobile phone number, send an SMS to 20055. The format is by sending CPL BAL <your PIN> <your password> to 20055.
How can I check my pension balance online?
- Visit the official EPFO Website- www.epfindia.gov.in.
- Select the ‘Our Services’ option.
- Click on ‘Member Passbook’ option.
- Login with your UNA and password.
- Once your login is complete.
- Click on the Member ID.
What Is Pension?
A pension is a fund into which a sum of money is add during an employee’s employment years and from which payments are drawn to support the person’s retirement from work in the form of periodic payments. A pension may be a “define benefit plan”, where a fix sum is paid regularly to a person, or a “define contribution plan”, under which a fix sum is invest that then becomes available at retirement age. Pensions should not be confuse with severance pay; the former is usually paid in regular amounts for life after retirement, while the latter is typically paid as a fix amount after involuntary termination of employment before retirement.
A pension create by an employer for the benefit of an employee is commonly refers to as an occupational or employer pension. Labor unions, the government, or other organizations may also fund pensions. Occupational pensions are a form of deferred compensation, usually advantageous to employee and employer for tax reasons. Many pensions also contain an additional insurance aspect, since they often will pay benefits to survivors or disabled beneficiaries. Other vehicles (certain lottery payouts, for example, or an annuity) may provide a similar stream of payments.
Crusader Sterling Pension and Their Aim
The main aim for the crusader sterling pension is to ensure that upon retirement, loss of job, invalidity or death, employees under the scheme would have access to some income through the various pension options.
Funds under the scheme are invest on behalf of the Contributors. Our Retirement Savings Account (CPL Value Fund) has consistently provided superior returns (relative to competition) on investment for all our contributors for the past eight years. In line with regulations governing the administration of the Pensions industry,
The employee covered under scheme is to complete an RSA registration form from a PFA. And will be forward to the National Pension Commission (PENCOM) for generation of Personal Identification Number (PIN). The employee subsequently, are to submit the PIN to the company’s HR/Finance department for purpose of making monthly remittance.
In Conclusion
Registration Certificate that contains Personal Identification Number (PIN), Account number and welcome letter is issue to employee for retention.
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Crusader Sterling Pension is now inviting you to join on this teeming Contributors. You will now take an advantage of their exceptional service delivery, fund security and superior returns on pension fund management. Having a pension plan is one of the most secure insurance policies for your future upon retirement, and it is important that when you are about to start a new job, you ensure that a pension plan is part of your package
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