Section 13 of the Pension Reform Act (PRA) 2014 specifies that a Retirement Savings Account (RSA) Holder may transfer his RSA from one Pension Fund Administrator (PFA) to another. It further specifies that such transfer should not be more than once a year.
To facilitate the implementation of Section 13 of the PRA 2014, the National Pension Commission (the Commission) has deployed the RSA Transfer System (RTS).
The RTS is an application that would be used for coordinating all the processes relating to the transfer of RSAs from one PFA to another. The RTS is designed to provide an electronic platform through which RSA transfers are initiated, processed, monitored and Global Net Transfer Positions (GNTPs) for all affected PFAs determined, on an online real-time basis.