MORE than 168,768 workers changed their Pension Fund Administrators and moved N663.761bn Retirement Savings Accounts since the National Pension Commission opened the window of transfer.
The window of transfer allowed workers to move their savings from a PFA to another of their choice once a year.
PenCom disclosed the transfers in its ‘Quarterly summary of Retirement Savings Accounts transferred by Pension Fund Administrators’ from the fourth quarter of 2020 to the first quarter of 2023.
According to PenCom, 24,963 workers moved N111.67bn in the first quarter of 2023.
The figures disclosed that 2,799 contributors moved N18.9bn in the fourth quarter of 2020; 12,681 contributors moved N47.78bn in the first quarter of 2021; 10,166 moved N35.89bn in the second quarter of 2021; 12,872 contributors moved N45.56bn in the third quarter of 2021; while 12,874 contributors moved N42.49bn in the fourth quarter of 2021.
