Retirees and other Retirement Savings Account (RSAs) received N291.9 billion as retirement benefits across various pension schemes at the end of Third quarter 2025.
The disbursements, delivered through programmed withdrawals and life annuities, provided steady and reliable income support to beneficiaries during the period.
The quarter according to analysts at the Pension Fund Operators Association of Nigeria (PenOp) saw significant payments under multiple benefit types, with programmed withdrawals and life annuities providing consistent financial support to retirees.
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Notably, death benefits recorded the highest total payout, underscoring the pension system’s role in providing security to families of deceased contributors.
Enbloc payments and loss-of-job benefits also formed an important part of the payouts, offering critical liquidity to retirees and individuals exiting the workforce unexpectedly.
Meanwhile, pre-Act/NSITF disbursements and voluntary contributions, though smaller in total value, reached thousands of RSA holders, reflecting ongoing engagement and flexibility within the system.
Another key highlight was the equity contribution for residential mortgages, which provided substantial financial assistance to RSA holders, enabling access to housing opportunities and long-term asset building. This demonstrates the pension framework’s broader role beyond retirement income, contributing to wealth creation and social welfare.
“Overall, the Q3 2025 payout figures illustrate robust operational execution by the pension system, ensuring timely disbursement of benefits across a wide spectrum of retirees and RSA holders”
The diversity in benefit types and the scale of payments indicate both the maturity of the system and its responsiveness to the needs of its participants, the PenOp analysts said.
Meanwhile, pre-Act/NSITF disbursements and voluntary contributions, though smaller in total value, reached thousands of RSA holders, reflecting ongoing engagement and flexibility within the system.
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Another key highlight was the equity contribution for residential mortgages, which provided substantial financial assistance to RSA holders, enabling access to housing opportunities and long-term asset building.
This demonstrates the pension framework’s broader role beyond retirement income, contributing to wealth creation and social welfare.
