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10 Things You Need To Know About Pension - Career - Nairaland

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10 Things You Need To Know About Pension by Kayzor1789: 6:50pm On Aug 30, 2022
1. What’s the due date and payment mode?
https://splashinparadise.com/prsa-pension-retirement-options-in-ireland/

If you choose to be paid monthly, your PFA will pay your money to your bank account on or before the 24th day of each month. You don’t have to worry about cheques or any long process. Receiving your pension will be completely convenient for you.

2. What happens in the event of death?

If one is on the Contributory Pension Scheme (CPS) and dies either in active service or after retirement, the next-of-kin as provided by the deceased to the PFA will be contacted to provide relevant documents for processing the contributions. The contributions will be paid to the named beneficiary in the WILL of the Letter of Administration.

3. Can you change your next of kin after you retire?

This can be done at anytime. The change of personal information form will ideally be found on the website of your PFA. Download the form, fill it and submit to your PFA for actioning.

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