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Nairaland Forum / Nairaland / General / Investment / I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! (27485 Views)
(NEW Info)why Your Contributory Pension Scheme Will Disappoint You At Old Age / Union Bank Eket Branch Want To Forfeit My Dad Contributory Pension Funds. HELP! / Bankers/lawyers Help! I Am About To Loose My Dad's Investment (2) (3) (4)
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Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by sweetrace(f): 3:31pm On Apr 27, 2019 |
Asquare84: I’m not competing over who has the most knowledge with you. I know you’re wrong. Totally! Only the gratuity is paid. Get your facts right. I live with a pensioner. Based on the success of her scheme with Pal is why I had meetings with them to get a better understanding for my own scheme. I don’t know everything about my job. I learn every day. But since you know it all, please don’t seek for clarification. |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by Asquare84(m): 3:39pm On Apr 27, 2019 |
sweetrace: Please take your ignorance away since you are not ready to learn and be arguing with someone that knows more than you |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by sweetrace(f): 3:44pm On Apr 27, 2019 |
Asquare84: Please get out of my mentions. |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by Pascopele: 4:18pm On Apr 27, 2019 |
Famax: |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by Rexomania1111(m): 4:44pm On Apr 27, 2019 |
Asquare84:You are on point. The only correction I need to point out to u is the fact that the last pension law is the pension reform act of 2014 which repelled the 2004 act |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by Asquare84(m): 4:47pm On Apr 27, 2019 |
Rexomania1111: Thank you |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by Rexomania1111(m): 4:49pm On Apr 27, 2019 |
Pinkybush:Ignorance is not an excuse and to further clarify this issue, When a retiree dies, the balance in his/her RSA is been paid in full to the next of kin and after payment, the Account is closed |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by Rexomania1111(m): 4:50pm On Apr 27, 2019 |
Asquare84:You are welcome |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by Rexomania1111(m): 4:50pm On Apr 27, 2019 |
Yunus2012:Same thing applies to a retiree |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by yetunsbay(m): 4:58pm On Apr 27, 2019 |
Laryne:won |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by mynaijadj(m): 5:34pm On Apr 27, 2019 |
can i reach you via email or whatsapp? neo25: |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by madgoat(m): 5:59pm On Apr 27, 2019 |
valdes00: i sense you passing on soon |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by valdes00(m): 6:01pm On Apr 27, 2019 |
madgoat:I sense you living forever..... |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by Chuksgeo: 7:42am On Apr 28, 2019 |
omoguess:I guess your didn’t understand all that you read |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by Bolastorescom: 9:12am On Apr 28, 2019 |
Please post your mobile number so that you can be reached for appropriate guidance. |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by yetunsbay(m): 10:58am On Apr 28, 2019 |
Who hv an idea abt Osun State pls Successful processing of letter of administration takes how long ? |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by zamanii: 1:41pm On Apr 28, 2019 |
valdes00: You owe no one an explanation but nothing, I repeat NOTHING!! could have justified your using your brother as next of kin when you have a wife |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by zamanii: 2:42pm On Apr 28, 2019 |
sweetrace: Sweetrace I think you need to carry out another research on this topic. I'm not well versed on the topic but from testimonies of people who have succeeded in recovering their beloved's pension, screenshots of ibtc's procedure on recovering same, I'm forced to believe pension is actually recoverable. From my understanding, an employee contributes some part of his salary in conjunction with his employer under what is known as a contributory pension scheme. After his retirement, he's entitled to a certain percentage monthly of what he's able to garner before his retirement. This percentage is paid to him through his bank by pencom (or his pfa, I'm not clear on which of them it is) and upon notice of his death, the bank remits what they have in his account back to pencom. It is the duty of anyone laying claim to what is left of the deceased's pension to approach the pfa with proof of his/her entitlement to what is left before he/she is paid. It doesn't make any sense that what is left of the deceased's pension is remitted back to pencom (to do what with it?) and is not recoverable. What you know might not actually be the true position of things. Cheers |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by sweetrace(f): 4:22pm On Apr 28, 2019 |
zamanii: Cheers!!! |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by sonofElElyon: 5:47pm On Apr 28, 2019 |
The next of kin gets nothing until grant of probate for the will of the deceased account owner or in the absence of a will, grant of letters of administration... Also if deceased purchased an annuity with his retirement savings, beneficiary gets nothing Asquare84: |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by Asquare84(m): 6:08pm On Apr 28, 2019 |
sonofElElyon: In this case the deceased is under programme withdrawal and suppose the deceased purchase annuity the next of kin will only be paid till the tent year thereafter payment stop. That why programme withdrawal is better than annuity |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by sonofElElyon: 6:52pm On Apr 28, 2019 |
Okay. Then beneficiary still needs to present probate grant for deceased's will or letter of administration Asquare84: |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by Asquare84(m): 9:11pm On Apr 28, 2019 |
sonofElElyon: Yes that true 1 Like |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by sweetrace(f): 12:06pm On Apr 29, 2019 |
Okay, I com bearing apologies!!! I went back to Pal pensions for clarification. Their staff who give the previous information was wrong. The beneficiary can access the rest of the pension funds. |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by sweetrace(f): 12:08pm On Apr 29, 2019 |
sweetrace: Okay, I come bearing apologies!!! I went back to Pal pensions for clarification. Their staff who gave me the previous information was wrong. The beneficiary can access the rest of the pension funds. |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by sweetrace(f): 12:09pm On Apr 29, 2019 |
zamanii: Okay, I come bearing apologies!!! I went back to Pal pensions for clarification. Their staff who gave me the previous information was wrong. The beneficiary can access the rest of the pension funds. |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by sweetrace(f): 12:11pm On Apr 29, 2019 |
Clefayomide: Okay, I come bearing apologies!!! I went back to Pal pensions for clarification. Their staff who gave me the previous information was wrong. The beneficiary can access the rest of the pension funds. |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by Clefayomide: 3:52pm On Apr 29, 2019 |
sweetrace: No oo, you have to pay everyone on this thread b4 we accept your apology Lol that's no problem, we learn everyday |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by sweetrace(f): 4:11pm On Apr 29, 2019 |
Clefayomide: I tried going through all my mentions on this thread to apologize to everyone. Oh! Except a guy that was being so rude. I was only saying what I was told or my interpretation. Thanks for your being nice about it especially as I was being so emphatic. |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by Clefayomide: 4:23pm On Apr 29, 2019 |
sweetrace: It's all good. Enjoy the rest of the day 1 Like |
Re: I Am About To Lose My Dad's Contributory Pension, Bankers/Lawyers Help! by kingvilleshines: 5:22pm On Apr 29, 2019 |
Send me an email i think i can assist you on how to go about kay.daniel234@gmail.com |
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