# Pensions & PFA — Academium SMS

[View the HTML page](https://academium.com.ng/sms/features/pensions-and-pfa/)

> Keep your pension fund administrators, each staff member’s PFA account and their contribution rates in one place.

Pensions & PFA

## Every staff pension account, on record.

Record your pension fund administrators, link each staff member’s account, and set the employee and employer rates.

[Download to get started](https://academium.com.ng/downloads?product=sms) [All SMS features](https://academium.com.ng/sms/features)

Fictional staff linked to their providers with employee and employer rates. One still needs an account.

Providers

## Your pension fund administrators, listed once.

Add the PFAs your staff use. The list is shared by every branch.

-   **One list for the school.** Providers are set up once and chosen from wherever a pension account is linked.
    

One list of providers shared across the school’s branches. Placeholder names.

Staff accounts

## Each person’s provider and rates.

Link a staff member to their provider and account number, and set what they and the school contribute.

-   **Standard rates to start.** Employee and employer rates start at 8% and 10%, and can be changed for anyone.
    
-   **Many staff at once.** Assign a provider and rates to a group of staff in one step.
    
-   **Who still needs an account.** Staff without a pension account are offered when you assign one.
    

Three fictional staff linked to one provider in a single step, at the standard starting rates.

On the staff record

## Pension details where the employee is.

The add-staff form and the staff profile both carry pension details.

-   **Only when it applies.** Pension sits behind a switch when adding staff, since many have no account.
    
-   **Told when something is missing.** If no providers are set up yet, the form says so instead of offering an empty list.
    

Pension details appear only when switched on. Example values.

FAQs

## Pensions & PFA questions

Pension records for your staff.

[Still have a question?](https://academium.com.ng/main/page-contact)

### What contribution rates does SMS use?

New accounts start at 8% for the employee and 10% for the employer. Change either for any staff member.

### Do our branches share providers?

Yes. Pension fund administrators are set up once and used by every branch.

## Keep staff pension records in Academium SMS.

Download Academium SMS and set up your school, try a demo, or start in free mode.

[Download to get started](https://academium.com.ng/downloads?product=sms) [Explore other features](https://academium.com.ng/sms/features)