By virtue of the provision of Section 16(1) of the Lagos State Pension reform (Amendment) Law 2018, an employee may, in addition to the total contributions being made by him and his employer make voluntary contributions to his retirement savings account.

Voluntary Contributions are non-obligatory contributions made by all eligible contributors through their employers. These Contributions shall be remitted into and withdrawn from the employee’s RSA, managed by a licensed PFA. The employee shall notify his employer in writing of his intention to make voluntary contributions and the amount to be deducted from his emoluments.