@Livewithpurpose how far now? Been awhile we heard from you, have you finally been paid?

Hope u didn't just tell me what I crave to hear

Azwealth:
HOW PENSION MANAGERS ARE CHEATING NIGERIANS

Nigerians need to wake from their slumber. This is necessary in respect to the issue of pension managers who collect forms on behalf of workers with the promise of a better retirement.

These pension funds are usually deducted from the workers salary but usually hard to collect when it is needed or at the retirement age. These pension managers request for many documents and lay down difficult processes before releasing the money to the owners.

It is usually even worse when the worker is dead and his next of kin wants to collect the money. He has to go through tedious processes and peradventure he scales through, there is still one obstacle to stop him-"THE ADMINISTRATIVE DOCUMENT". This is usually issued by the court of law and may take a year to get or even more.

What's even worse? The so-called lawyers will demand for 25% of the money to be collected and some other court officials will request for bribe to process the document faster. Before you know it, you have spent more than you are expecting.

Take for example, a colleague of mine who has #245000 with one of these pension managers died recently. As expected, his next of kin decided to claim his entitlement but was faced with series of obstacles which stopped him.

The most painful aspect is that when this funds are deducted, there are usually no clauses but when it's time to get your money, these clauses are their to stop you. The government should please intervene in this matter because this is a means used by the rich to cheat the poor masses.

This is a wake-up call to all workers to ensure that their years of labour do not end in vain.

Write a will, and register it duely

It will help your loved ones hav access to ur money
With little stress

Thefarmer3:


Wow! Impressive!

But which payment exactly, Accrued rights or death benefits? And please, what batch were you placed on? Cos my PFA is Palpensions too and I'm on 97 for death benefits

Death benefits.

All the while, I never bothered asking about the batch. But I submitted the required documents since June last year.

yetunsbay:
which payment pls ? If na DB don't mind them

Lol.. Why?
Na DB o..

ChemicalReaction:

Death benefits.

All the while, I never bothered asking about the batch. But I submitted the required documents since June last year.

Alright

yetunsbay:
Hope u didn't just tell me what I crave to hear

Boss, please contact your PFA oo... Check this out too:

Thefarmer3:


Boss, please contact your PFA oo... Check this out too:

payment will be paid directly into Administrator's account not PFA

How long does it take to merge one RSA to another RSA?


I applied for 25% pension contributions with Fidelity Pensions. I completed d documentation today, later in d day I got a call from their Head Office that I need to merge my Trustfund Pensions account to d Fidelity Pensions account b4 my application can be process.

Note: I also have contributions with Trustfund Pensions under a different organization where I initially worked & have collected 25% from same contribution.

yetunsbay:
payment will be paid directly into Administrator's account not PFA

Please note that upon receipt of additional funds on behalf of the deceased, the beneficiary's bank account previously submitted will be credited accordingly.

That was a message from stanbic. The payment will pass through the pfa first before it is deposited to ur account

Thefarmer3:


Boss, please contact your PFA oo... Check this out too:

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

We hope this clarifies your request and sincerely regret any inconvenience experienced as you await the conclusion of the account reconciliation.

Message from pfa

Winter12:

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

We hope this clarifies your request and sincerely regret any inconvenience experienced as you await the conclusion of the account reconciliation.

Message from pfa

another message above overshadowed this confirming 91. Let's see after Sallah break

Winter12:

Please note that upon receipt of additional funds on behalf of the deceased, the beneficiary's bank account previously submitted will be credited accordingly.

That was a message from stanbic. The payment will pass through the pfa first before it is deposited to ur account

Thanks bro thou PenCom reps confirmed otherwise

Winter12:

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

We hope this clarifies your request and sincerely regret any inconvenience experienced as you await the conclusion of the account reconciliation.

Message from pfa

Reconciliation! Reconciliation!! Reconciliation!!!.... Nawaoo... Well, we've got no choice but to be patient and hopeful

Thanks bro

Thefarmer3:
@Livewithpurpose how far now? Been awhile we heard from you, have you finally been paid?

Not yet ooo. Still waiting for the hospital to confirm the death certificate. That's the only delay right now. Very frustrating.

livewithpurpose:


Not yet ooo. Still waiting for the hospital to confirm the death certificate. That's the only delay right now. Very frustrating.

Habaaaaa! Since April ooo... It is well bro

We'll laugh last.

Eddodoh:
How long does it take to merge one RSA to another RSA?


I applied for 25% pension contributions with Fidelity Pensions. I completed d documentation today, later in d day I got a call from their Head Office that I need to merge my Trustfund Pensions account to d Fidelity Pensions account b4 my application can be process.

Note: I also have contributions with Trustfund Pensions under a different organization where I initially worked & have collected 25% from same contribution.

It's a must to merge. Do it fast

QuinModah:
It's a must to merge. Do it fast

Will it stop me from collecting d 25%? How long does it take?

How long does reconciliation take place? Nigeria always using delay tactics, it's so bad. Most of us have submitted benefits application for over a year now, they have not done all the reconciliations. From last year till now, just a batch paid.

frioslegend02:
How long does reconciliation take place? Nigeria always using delay tactics, it's so bad. Most of us have submitted benefits application for over a year now, they have not done all the reconciliations. From last year till now, just a batch paid.

6 months but technically 2yrs

frioslegend02:
How long does reconciliation take place? Nigeria always using delay tactics, it's so bad. Most of us have submitted benefits application for over a year now, they have not done all the reconciliations. From last year till now, just a batch paid.

i'm on batch supposed and currently being paid as confirmed by media rep thou yet to see inflow.
Seems dey wanna see crazzzzzy

yetunsbay:
i'm on batch supposed and currently being paid as confirmed by media rep thou yet to see inflow thou.
Seems dey wanna see crazzzzzy

Same here, tho have messaged them (pfa)

Winter12:

Same here, tho have messaged them (pfa)

Avail us their response & are u sure they might hv been credited ? Confusion in d air.
What's ur batch ?

yetunsbay:
Avail us their response & are u sure they might hv been credited ? Confusion in d air.
What's ur batch ?

Batch 90 death benefit.
I was told that they just processed 88 and 89 (pfa is stanbic ibtc)

Winter12:

Batch 90 death benefit.
I was told that they just processed 88 and 89 (pfa is stanbic ibtc)

God help us all

yetunsbay:
Infact media rep are so confusing

They are hitting us with different news

Winter12:

They are hitting us with different news

Soon all gonna be settled.

yetunsbay:
check this out. New message.
No changes in RSA bal and yet to contact PFA thou.

Na wa o. What Pfa if you don't mind sharing?

livewithpurpose:


Na wa o. What Pfa if you don't mind sharing?

Arms

yetunsbay:
check this out. New message.
No changes in RSA bal and yet to contact PFA thou.

They haven't paid me too. Stanbic ibtc batch 90 accrued death benefit.
When I message stanbic, they said they are reviewing my message that they will get back to me soon.
That's how they also did when I wanted to access the contributory. They said I can't access it , but later paid when I reported them to pencom