Thefarmer3:


I called their Lagos office and Kano office, they assured me that we'll all be paid soon. Let's wait and see. I asked on Facebook, I was told they are doing reconciliation of accounts

yetunsbay:
In the meantime, can any Administrator here pls explain.

Subject to imminent settlement and since DB payment will be credited into beneficiaries account direct then why can't such individual request for balance in the RSA...atleast all stakeholders are already awared payments is in-coming.

It seems PFA might majorly be after proceeds % while investing with such funds.

Thefarmer3:


I called their Lagos office and Kano office, they assured me that we'll all be paid soon. Let's wait and see. I asked on Facebook, I was told they are doing reconciliation of accounts

ChemicalReaction:
This could be true cos they've called my family twice to swear a certain affidavit. Apparently, the next of kin has two names in the letter of administration and three names in National ID.

Thefarmer3:


Really? Please who called, PENCOM or your PFA?

Winter12:


They can give u the contributory if you can walk up to their office and process it. But DB can only be processed when the fed gov releases fund

yetunsbay:
Which term should we now give the current balance in RSA oo as far I'm awared DB will not even be paid through them sef. Rather it's paid directly into beneficiaries acct so why withhold RSA bal if not being fishy

ChemicalReaction:
Possibly PENCOM. Cos the documents were certified correct by my PFA upon submission.

This was when the judiciary was on strike.

Mind you, since I'm not the beneficiary, I didn't see the need to ask this question.

Thefarmer3:


I think they're withholding the RSA funds cos PENCOM has to give approval before it can be released. And before approval, PENCOM has to do reconciliation. I.e; ensure that the balance in the RSA is actually what it's supposed to be, no overpayment & no underpayment.

For instance, my dad passed away in 2018 and they were still crediting his RSA till 2019(which was when our application reached PENCOM). So I was told that all the contributions that came into his RSA after his demise would be deducted, and if at all he had been shortpaid at some times, that would also be corrected... All these would happen during reconciliation...... According to my PFA's explanation

yetunsbay:
Understood but I guess the balance in RSA is being invested while it either increases or decreases

Thefarmer3:


Yeah, very correct, ROI that enters into the RSA even after demise won't be tampered with. But the EE & ER contributions would.

yetunsbay:
with all this reconciliation then I don't think remittance can suffice this month

Thefarmer3:
https://www.pencom.gov.ng/contact-us/

You can contact them through their zonal offices as listed in the link above, it's easier to reach them that way unlike when you call the headquarters

yetunsbay:
Optimism

yetunsbay:
Optimism

Thefarmer3:


Wow! That's the word bro... God bless you for this

yetunsbay:
Optimism

yetunsbay:
Still awaiting Accrued benefits of batch 91. Imagine no payment yet for this year

Winter12:


We acknowledge receipt of your mail.

Further to your enquiry, please be informed that batch 88 and 89 of death benefit was processed recently

Winter12:


We acknowledge receipt of your mail.

Further to your enquiry, please be informed that batch 88 and 89 of death benefit was processed recently

yetunsbay:
processed ! Does that connotes paid ?

yetunsbay:
and batch what for accrued rights ?

Winter12:

Yes, I think

yetunsbay:
I hope they pay the rest batch before month end

Thefarmer3:


Really? Please who called, PENCOM or your PFA?

ChemicalReaction:
Hi..
So, I went back to my PFA to submit the affidavit. They said we should expect payment between three weeks to two months from today.


Fingers crossed.

Winter12:


If the court you made ur LOA replies fast, expect three weeks

ChemicalReaction:
Hi..
So, I went back to my PFA to submit the affidavit. They said we should expect payment between three weeks to two months from today.


Fingers crossed.

ChemicalReaction:
Hi..
So, I went back to my PFA to submit the affidavit. They said we should expect payment between three weeks to two months from today.


Fingers crossed.