PenCom set to launch RSA transfer style

The National Pension Commission (PenCom) is set to launch the Retirement Savings Account (RSA) transfer system come November 16, 2020.

The transfer sustem which will enable contributors under the Contributory Pension Scheme to transfer their accounts from one Pension Fund Administrator (PFA) to another once in a year.

The Commission made this known in a statement Monday in Abuja

According to it, “The National Pension Commission (the Commission) wishes to inform all stakeholders and the general public, especially Retirement Savings Account (RSA) holders under the Contributory Pension Scheme, that the Commission has concluded arrangements for the take-off of RSA Transfers.
Accordingly, RSA holders may transfer their accounts from one Pension Fund Administrator (PFA) to another once in a year, in line with Section 13 of the Pension Reform Act 2014.
The activation of the RSA transfer process will engender competition and improve service delivery in the pension industry, while asserting the right of RSA holders to determine which PFA manages their pension contributions and retirement benefits.”

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Ethiopian Airlines has taken delivery of two new wircrafts A350-900 to add to it’s fleet thus expanding businesses.

The company at the weekend took delivery of two of the 10 new Airbuses A350-900 it ordered in 2017, bringing the total number of its Airbus fleet to 16

The Chief Operating Officer, Mesfin Tasew stated that the addition v leatly shows that Ethiopian Airlines is founded on a strong vision, capacity to execute its vision even though it has similar challenges to other airlines.

According to him, “The airline has been operating A350-900 planes for the last four years”.

“Ethiopian is taking delivery of these aircraft at a time when the entire air transport industry is under a big challenge caused by Covid-19, he said”

He pointed out that Ethiopian had transported around five tons of humanitarian aid, medical supplies and IT equipment from France to Addis Ababa in partnership with Airbus Foundation and other European donors.

The humanitarian aid, medical supplies and equipment, were delivered to Ethiopia’s Ministry of Health and a humanitarian organisation which runs a children’s hospital in Ethiopia.

Meanwhile, Health State Minister Seharela Abdullahi, said this kind of support is crucial in countries with poor infrastructure such as Ethiopia.Citing the critical role played by Ethiopian Airlines since the outbreak of the coronavirus pandemic, she added, “I would like to thank Ethiopian Airlines for their tremendous support in the fight against Covid-19.