The pension funds contributed to the NSITF before the commencement
of the new pension scheme including the income shall remain with the
NSITF for a minimum period of five years from the commencement of
the Pension Reform Act 2004. NSITF shall establish a company to be
licensed by the National Pension Commission as a PFA which will
manage the pension funds in accordance with the provisions of the
Pension Reform Act 2004.