yetunsbay:
RSA OUTSTANDING CONTRIBUTION PALAVA

Things just dey clumsy to me sef maybe it because I need cash.

1. pencom rep stated "Once beneficiary has been established and identified by the courts all money in the deceased RSA is transferred to beneficiary's account"

2. PFA rep emphasized they still reconciling & approval fr Pencom before payment

3. But shebi pension benefits will kuku be paid to Administrator direct

4. Obviously no more business with PFA anymore if (3) above span out like that....so why withholding the bal

Once Pencom has reconciled the account, you can access the money in the pension account even before the death benefits and accrued rights are paid.

You'll need to apply to have the money paid into the beneficiary account. Once the pfa has verified the documents and forwarded to Pencom for approval, the money will be transferred to the account number you indicated when submitting the application. This doesn't take time according to information from the PFA. Whenever the accrued rights and death benefits are paid, it'll be transferred also to the beneficiary's account without any additional submission.

livewithpurpose:


Once Pencom has reconciled the account, you can access the money in the pension account even before the death benefits and accrued rights are paid.

You'll need to apply to have the money paid into the beneficiary account. Once the pfa has verified the documents and forwarded to Pencom for approval, the money will be transferred to the account number you indicated when submitting the application. This doesn't take time according to information from the PFA. Whenever the accrued rights and death benefits are paid, it'll be transferred also to the beneficiary's account without any additional submission.

Thanks for this explanation... Please, is it possible for the account of those placed on batch 97 to have been reconciled? ...or how can one know if one's account has been reconciled?

Thefarmer3:


Thanks for this explanation... Please, is it possible for the account of those placed on batch 97 to have been reconciled? ...or how can one know if one's account has been reconciled?

I wouldn't know. Your PFA will be in the best position to advise if the account has been reconciled by Pencom or not. You can also find out from Pencom.

Eagle eyed

yetunsbay:
Nawa ooo when are they paying 91 gan gan

November

QuinModah:
November

not so ideal playing with someone's phone

yetunsbay:
lol. Source

My source. Please Yetunde, I got a credit alert from IBTCpension and I don't have any pension with them or processing any documentation with them

livewithpurpose:


She confirmed this too. My late dad's batch is 90 and she said early next year so fingers crossed

Boss & boss @winter

QuinModah:
My source. Please Yetunde, I got a credit alert from IBTCpension and I don't have any pension with them or processing any documentation with them

You would agree this isn't a playing ground.

yetunsbay:
Boss & boss @winter

Boss I hail o.
How's everyone doing ?
Who know the batch they are paying

Winter12:

Boss I hail o.
How's everyone doing ?
Who know the batch they are paying

we still dey open mouth for 91 oo.
Na u don Chop clean mouth. Lol

yetunsbay:
You would agree this isn't a playing ground.

I asked a question and you saying this isn't a playing ground

yetunsbay:
we still dey open mouth for 91 oo.
Na u don Chop clean mouth. Lol

We have not been paid yet. The court strike is delaying things with confirming the documents.

livewithpurpose:


We have not been paid yet. The court strike is delaying things with confirming the documents.

Is your case exceptional....what's with documents ?

livewithpurpose:


We have not been paid yet. The court strike is delaying things with confirming the documents.

Nawaoo

frioslegend02:
I guess my own will take forever. My father died in 2014. I contacted ARM pension as regards his benefits. I was told his RSA was unfunded. I was advised to contact his employer. I submitted all necessary documents for Group life and also remittance of the CPS.
The documents were forwarded to PENCOM and Ministry in charge for his Group life in May, 2015.
The RSA was funded in May 2019. I was asked by his PFA to submit documents for payments of his death benefits. Which I did immediately. And it took about 2 months for verification of Death Certificate and ROA.
Now, I have to wait for PENCOM to take years to pay his Accrued Rights before I have access to the balance on his RSA.
This is just not fair.

Be patient...it will get to your turn

yetunsbay:
Is your case exceptional....what's with documents ?

No its not. The Pencom account has been reconciled. However before the PFA can pay you, they said the documents must be verified before they send the approval to Pencom to pay.

I just tire for the verification again because I know they already verified before sending to Pencom in the past for reconciliation. This whole process is just frustrating.

livewithpurpose:


No its not. The Pencom account has been reconciled. However before the PFA can pay you, they said the documents must be verified before they send the approval to Pencom to pay.

I just tire for the verification again because I know they already verified before sending to Pencom in the past for reconciliation. This whole process is just frustrating.

I'm afraid why modus operandi changes all the time. Thought such benefits are being paid directly into Administrator's account

livewithpurpose:


We have not been paid yet. The court strike is delaying things with confirming the documents.

This should have been done before ur PFA sent your application to Pencom sef

yetunsbay:
we still dey open mouth for 91 oo.
Na u don Chop clean mouth. Lol

I never chop clean mouth o. Still waiting on death benefits

yetunsbay:
This should have been done before ur PFA sent your application to Pencom sef

It was done. But they said it has to be done again. Just ridiculous

livewithpurpose:

It was done. But they said it has to be done again. Just ridiculous

why mumu PenCom go credit PFA account sef instead of administrator's

yetunsbay:
why mumu PenCom go credit PFA account sef instead of administrator's

I think that's how they do it o, PENCOM only transacts with the PFA.

But na rubbish sha, they keep using different delay tactics

Thefarmer3:


I think that's how they do it o, PENCOM only transacts with the PFA.

But na rubbish sha, they keep using different delay tactics

God help us. But Pencom dey craze sha,mk dem attend to next batch

Boss I hail o.
How's everyone doing ?
Who know the batch they are paying [/quote]

Tajudeenayodele:
Boss I hail o.
How's everyone doing ?
Who know the batch they are paying

They've manage to pay nothing since February. This country Na cruise

Tajudeenayodele:
Boss I hail o.
How's everyone doing ?
Who know the batch they are paying

lol. Which 91 ? No mind dem oo

Tajudeenayodele:
Boss I hail o.
How's everyone doing ?
Who know the batch they are paying

Mehn, you're lucky oo... That they even replied your message na luck

yetunsbay:
lol. Which 91 ? No mind dem oo

With the way I'm seeing it, I think your batch 91 is under Accrued DB oo

Thefarmer3:


With the way I'm seeing it, I think your batch 91 is under Accrued DB oo

No.
Meanwhile, I never hear they are on 91 for either of the payments

yetunsbay:
No.
Meanwhile, I never hear they are on 91 for either of the payments

Your contributory should be ready but, the accrued death benefit Na gbege o

Winter12:

Your contributory should be ready but, the accrued death benefit Na gbege o

still awaiting FG funding