COMPULSORY RETIREMENT: Retirement as stipulated in the Pension Reform Act 2004 is when an employee attains the age of 50 or the retirement age of the organization, whichever is later.  At this point, the employee is able to access 100% of the balance of his/her Retirement Savings Account. This balance can be accessed either by a programmed withdrawal with your PFA or by purchasing an annuity scheme from an approved Insurance company.

BEFORE RETIREMENT:
APMLs standard practice is to notify prospective retirees in writing of their upcoming retirement 6 months before the actual date and to get confirmation of this. The following documents must also be submitted along with the confirmation of retirement.

1. A letter of notification of retirement issued by your employer.
2. A document confirming that the retirement is in accordance with terms and conditions of employment.
3. Pay slip or evidence of total annual remuneration.
4. Evidence of any accrued pension rights/acknowledgement of indebtedness (if an employee in the private sector), as well as any outstanding pension contribution.
5. Official notice of retirement.

UPON RETIREMENT:
At retirement, the below listed documents must be submitted to APML, which will be forwarded to the National Pension Commission for payment approval.

FEDERAL GOVERNMENT EMPLOYEES

1. Letter of application for payment.
2. Retirement benefit registration slip
3. Copy of last pay slip
4. Notification letter of retirement written to your employer
5. Notice of acceptance of (Statutory)retirement
6. Means of identification:- any of the following:
• National identification card.
• Valid international passport.
• Valid driver's license.
7. Bank account details:
• Name of bank.
• Branch or location of bank.
• Account number.
• Account name.
8. Disengagement letter.
9. Two passport photograph.
10. Mobile line
11. Permanent Residential address/contact details
12. Evidence of Age (Birth certificate/Age declaration)

PRIVATE SECTOR EMPLOYEES

1. Letter of application for payment.
2. Copy of last pay slip
3. A copy of evidence of employment
4. Notification letter of retirement written to your employer
5. Notice of acceptance of retirement
6. Means of identification:- any of the following:
• National identification card.
• Valid international passport.
• Valid driver's license.
7. Bank account details:
• Name of bank.
• Branch or location of bank.
• Account number.
• Account name.
8. Two passport photograph.
9. Mobile line
10. Permanent Residential address/contact details
11. Evidence of Age (Birth certificate/Age declaration)