obstead200:
gbam! The next of kin is entitled to the balance on the pension account. The law is clear on that. Don't let pple confuse u, Mr op

NwanyiAwkaetiti:
I ain't interested in this battle of d sexes OK. D woman cares for d home in d absence of the man so why ask silly questions?

Still d fact remains that men toil for women and kids... It's not easy being a man.

Pinkybush:
Please I need urgent help! My dad used to be working in a company and had been contributing pension money during his service years thro' IBTC.

Unfortunately, he's late, but before he died he had been making withdrawals of the said pension after his service with the company. I approached the bank, but it appears the guy I met want to stop us from getting the money and corner to theirs. Please now that my dad is dead, are his children not entitle to this money since it was a contributory pension?

Kollyman:


Sorry my response is coming late. Most of the people don't understand OP's frustration, let me put a little light there in.

Stanbic IBTC pensions often use some Stanbic IBTC bank enquiry staff to also handle pension matters in some of their branches. These staff in question often try their best in handling some pension issues but when the big ones comes (like OP's case) those guys often don't handle it well. Due to the fear of ........., they often find it hard to escalate to their HSS or the regional client service manager covering that jurisdiction while they keep posting the client at every visit.

OP, let me tell you these sure facts:

1. You are entitle to collect whatever amount that is left in your late father's RSA enblock.

2. No PFA will try to defraud or prevent you from accessing the death benefits most especially a reputable organisation like SIPML.

3. Not only will you get the value of the leftover retiree fund, you will also be paid whatever interest that has accrued so far into the account even during your period of processing.

However, I cannot be mentioning the documentation requirements on this platform but I will advise you to visit their main pension office in your state. If you are in Lagos or closer to Lagos, Kindly visit their head office at Plot 1678 Olakunle Bakare close, Victoria Island, Lagos. You can call their call centre line (01-2716000) to know their officer in your state where you will be advised appropriately.

Please do not pay/give anybody money with regards to the processing of your late father's benefits aside from the LOA processing.

Also, we are into this together, so do not hesitate to revert on this thread if there are any further issues.

NB: I am not their staff

omoguess:
You are only entitled to your fathers gratuity (if he has not been paid). As for pension, you are not entitled to it. The bank has to return all pension paid to the acct after your fathers death back to the pension office

sweetilicious:
That's why i advice my clients to withdraw from their pencom account and gratuities and invest in insurance with life cover.Just name your beneficiaries and you money will still stay with your family after you are gone.Future is uncertain but we have to do our best.

kmcutez:


You had a wife and you put your brother as next of kin Ayam not understanding. What was your reason for getting married to her? I know it's definitely not love. Just curious.

Pinkybush:
I am! I've done death certificate and approach the court for letter of administration, but it seems the guy I met in the bank want to stop me since ATM card has expired and needs to be renew.

NwanyiAwkaetiti:
I don't know what some men be thinking not using their wives as next of kin... Won't she Carter for the family when u gone?

sweetrace:


This is how it works. You and your employer contribute certain amount every month. If you retire before you’re 50, you can take 25% of the contribution plus acrued interest. If you don’t take it and you retired by 50, you’ll be paid the 25% in bulk. The rest will be paid every month or quarterly based on your instruction for next maybe 18years. This is your pension. It is not paid in bulk and it is not transferable.

Pinkybush:
Please I need urgent help! My dad used to be working in a company and had been contributing pension money during his service years thro' IBTC.

Unfortunately, he's late, but before he died he had been making withdrawals of the said pension after his service with the company. I approached the bank, but it appears the guy I met want to stop us from getting the money and corner to theirs. Please now that my dad is dead, are his children not entitle to this money since it was a contributory pension?

Scandinavian02:


Retirement age as per Pension Reform Act is 50.
25% is paid embloc on job loss.
You can choose the anuity method or the programmed withdrawal method

Adek15:
Hmm.. Men have really surfered in the hands of women. You can't use your husband as beneficiary/NOK of your FUND but you want him to use you as his.. Chai

Pinkybush:
Please I need urgent help! My dad used to be working in a company and had been contributing pension money during his service years thro' IBTC.

Unfortunately, he's late, but before he died he had been making withdrawals of the said pension after his service with the company. I approached the bank, but it appears the guy I met want to stop us from getting the money and corner to theirs. Please now that my dad is dead, are his children not entitle to this money since it was a contributory pension?

omoguess:
You are only entitled to your fathers gratuity (if he has not been paid). As for pension, you are not entitled to it. The bank has to return all pension paid to the acct after your fathers death back to the pension office

omoguess:
You are only entitled to your fathers gratuity (if he has not been paid). As for pension, you are not entitled to it. The bank has to return all pension paid to the acct after your fathers death back to the pension office

Pinkybush:
Please I need urgent help! My dad used to be working in a company and had been contributing pension money during his service years thro' IBTC.

Unfortunately, he's late, but before he died he had been making withdrawals of the said pension after his service with the company. I approached the bank, but it appears the guy I met want to stop us from getting the money and corner to theirs. Please now that my dad is dead, are his children not entitle to this money since it was a contributory pension?

Pinkybush:
Please I need urgent help! My dad used to be working in a company and had been contributing pension money during his service years thro' IBTC.

Unfortunately, he's late, but before he died he had been making withdrawals of the said pension after his service with the company. I approached the bank, but it appears the guy I met want to stop us from getting the money and corner to theirs. Please now that my dad is dead, are his children not entitle to this money since it was a contributory pension?


I currently work with a pfa. The outstanding balance in your father pension account will be paid emblock to the next of kin, kindly visit any Stanbic pension office

Clefayomide:


I believe we are both talking about the same contributory pension scheme? Here's what I got from my research

Asquare84:
I currently work with a P F A, out standing balance of your father pension will be paid to the next of kin. Visit any branch of Stanbic penion

sweetrace:


This information is totally false. This is not how to get clients.

sweetrace:


This information is totally false. This is not how to get clients.

sweetrace:


Please go to their office and get the facts.

Asquare84:


So who will benefit from the father outsanding RSA ballance

Clefayomide:


Ok thanks

autonomous22:


I was once in similar situation , but after much delays... "letter of administration " from court helped me to settle everything

Pinkybush:
I am! I've done death certificate and approach the court for letter of administration, but it seems the guy I met in the bank want to stop me since ATM card has expired and needs to be renew.