₦airaland Forum

Accrued Right have been paid up to batch 97. Most PFAs are now using another form of delay tactics that PENCOM still need approval before they process the payment.

Any news this week? What batch are they paying now?

Winter12:
Reconciliation takes 6 weeks to 8 weeks

That means they spend 6 to 8 weeks on a batch?

yetunsbay:
That's how it's done. Nevertheless what's ur batch ?

94

I applied for the contributory pension to be paid. I was told PENCOM is yet to do reconciliation on the account. And for the other withdrawal, they said they still need accrued right or death benefit to be paid. They are basically using delay tactics.

yetunsbay:
I think nothing like accrued right anymore since all outstanding death benefits are being paid en block. AR is a subset of DB.
That processing of a thing should be perculiar to Stanbic.

What does this mean, Accrued Right to be paid with death benefits at once?

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.

This COVID-19 is seriously used as hindrance to almost all Government operations. All of us waiting for one Batch or the other, It will certainly come. A little patience.

Any latest news from PENCOM?

livewithpurpose:
Are you serious? I'm batch 90.

Now you know I was serious back then with my info. Batch 90 now. I am still hoping they gets to my batch this year.

frioslegend02:
FREQUENTLY ASKED QUESTIONS ON GROUP LIFE ASSURANCE SCHEME
1. What does the Pension Reform Act say about Life Insurance?

Section 9(3) of the Act makes it mandatory for every Employer (including the Federal Government and all its Agencies) to maintain Life Insurance Policy in favour of the employee for a minimum of three times the annual emolument of the employee.

2. What is a Life Assurance Policy?

Life Assurance is a contract arranged between an Insurance Company and the Policy holder (known as the assured) which provides benefits for the Next-of-Kin or dependents of the assured, upon the death of the assured as a result of natural or other causes covered.

3. What is Group Life Assurance (GLA)?

The Insurance Policy for employees is usually arranged on a group basis whereby all employees are covered under a Group Life Insurance contract. In the event of death of any of the employees covered under the Group Life Policy, the Insurance Company makes payment in respect of the deceased employee.

4. Who pays for the Insurance Policy?

The Employer bears fully, the cost of the Insurance Policy.

5. What constitutes the Group Life Assurance Benefit?

The beneficiary of the deceased is entitled to three (3) times the Gross Annual Total Emolument of the deceased Officer.

6. When did this Scheme take effect?

The Group Life Assurance Scheme for Federal Government Employees took effect from 1st July, 2004

7. What are the categories of Federal Employees Covered by this Scheme?

All employees of the Federal Government in Ministries, Departments and Agencies, including Paramilitary and the Intelligence Community.

8. Who is qualified to benefit from Group Life Assurance Scheme?

Federal Government employees who died whilst in service or in the case of missing persons (presumed dead after a year from the date declared by a Board of Inquiry set up by the National Pension Commission) are qualified to benefit from the Scheme.

9. What happens if Government does not procure Cover for Federal Government Employees?

In cases where Government fails to procure Insurance Cover for Federal Government Employees, such periods are referred to as “Backlog” period and all claims that fall under this period are referred to the Office of the Head of the Civil Service of the Federation (OHCSF) for processing and settlement.

10. What are the periods of Cover since inception? The following periods are the periods when Insurance Companies were appointed to provide Group Life Insurance Cover for Federal Government Employees:

⦁ 1st January 2008 – 31st December, 2008

⦁ 1st March, 2010 – 31st March, 2011

⦁ 1st April, 2011 – 31st December, 2011

⦁ 1st January, 2012 – 31st December, 2012

⦁ 24th December, 2013 – 23rd December, 2014

⦁ 13th August, 2015 – 12th August, 2016

⦁ 20th April, 2017 – 19th April, 2018

11. Who is responsible for the settlement of claims under the Periods of Cover?

Insurance Companies and Brokers are appointed by the Federal Government and thereafter assigned to Ministries, Departments and Agencies (MDAs) to provide Insurance Cover for the Employees of those MDAs. It is their responsibility to process and settle death claims that occur in their assigned MDA

12. What are the periods since inception for which no Insurance Cover was procured?

⦁ 1st July, 2004 – 31st December, 2007

⦁ 1st January, 2009 – 28th February, 2010

⦁ 1st January, 2013 – 23rd December, 2013

⦁ 24th December, 2014 – 12th August, 2015

⦁ 13th August, 2016 – 19th April, 2017

⦁ 20th April, 2018 – date

13. How are Insurance Companies and Brokers selected to handle the Scheme?

The Office of the Head of Civil Service of the Federation advertises for Prequalification of interested Insurance Companies and Brokers to participate in the Scheme. The process of Selection of credible Insurance Companies and Brokers are carried out in line with the Public Procurement Act, 2007.

14. How is Group Life Assurance death claim processed?

For deceased Officers whose death claims fall under the period of Insurance Cover, the Pension/Insurance Desk Officer of the deceased’s MDA is required to immediately notify the appointed Insurance Broker of the demise of any Officer in their MDA for necessary documentation and processing of claims
In addition to the notification, the Desk Officer is required to forward a duly completed Death Notification Form (DNF) in respect of each deceased Officer with relevant documents attached as provided on the DNF duly signed by the Director Human Resources Management of the deceased Officer’s MDA.

15. What are the documents required for processing of the death claims?

⦁ Evidence of death/burial Issued by Imam or Pastor

⦁ Certificate of registration of death

⦁ Police report (if death is by accident)

⦁ Burial warrant issued by Local Government Council

⦁ Certificate of death/cause of death

⦁ Copy of Obituary poster (if any)

⦁ Declaration of Wish/Evidence of nomination of next-of-kin

⦁ Letter of Administration

⦁ 3 months payslip preceding the date of death`

16. Can an Employer deduct any outstanding debts of the employee from the benefits payable in the event of death?

The Employer does not have the right to make any deduction from the benefit payable. The total amount of benefits must be paid in full.

17. How long does it take for claims to be paid under the circumstances below, to Next-of-Kins or Dependents of deceased Officers? Benefits?

When there is Insurance Cover, Claims notified, with complete documentation are processed and settled within One (1) month of receipt of such request by the Insurance Company.

When there is no Insurance Cover (Backlog Period)
Claims are processed within 5 days of notification by the Office of the Head of the Civil Service of the Federation and inputed into the Database, waiting to be paid as soon as funds are released by the Federal Ministry of Finance, on a first come first serve basis.

This information about Group life still stands. The issue now is that pension desk officers are not willing to tell beneficiaries the brokers in charge. This have caused many families to have unnecessary delays in getting their group life. This country really needs to grow.

Thefarmer3:
Haa! Since 2017, that's too long oo. 08038311437 send an SMS with your number, wanna link you with someone in head of service

Thank you bro. I already sent SMS to you.

Thefarmer3:
Hello, how far with the group life? Have you been paid?

No bro. I submitted all necessary documents in 2017. The pension desk officer in my father's place of work keeps saying they have not heard anything from Abuja yet. I dont even know how to go about it anymore.

I just hope I will collect these funds this year.

yetunsbay:
Thanks. Kindly educate on difference between both maybe my understanding of each is loopsided

From what I understand, the retirement savings account carries contributions made by the individual and the MDAs (8% contribution by the individual and another 8% by the employer monthly?). At death, the beneficiary is expected to get Em bloc the whole sum on the RSA. The amount entails;
1. Accrued rights, which are contributions before June 2004, the government usually make provision in her budget every year and are remitted to the RSA.
2. Contributions, I already explained these above. Monthly remittance by the RSA holder and his/her employer. Usually the standing balance on the RSA at death.
3. Death benefit. This is also known as the group life, which is 3 times the total annual emoluments of the deceased person and they are by law paid into the RSA.
I stand to be corrected.

yetunsbay:
As at 17/12/2020

Accrued Rights- 85


Contributions- 89

Its the other way round pls.
Accrued Rights:- 89
Death benefits/Contributions:- 85.

Thefarmer3:
Good, what batch are you?... I'm 97

I'm on 94. They have paid up to 87 when I called on 10/12/2020

Beststriker9:
Hii pls can the family of a deceased person continue receiving payment and is there a duration

Once the MDA gets to know, they stop payment immediately.

I called today, Accrued Right have been paid up to batch 85.

Batch 85 have been paid last.

My late father's pension have not been paid. I applied for his pension in August 2019 and was told to wait for accrued right payment. Hope the four months stated includes August? Will his PFA be funded or its already funded?

yetunsbay:
okay

Do you have information as regards to broker incharge of ministry of Education.

Santaglox:
Thnk u very much my Dad died 5th April 2014 nd his name is MacOffman Emmanuel Okosun he was a. lecturer in Auchi Polytechnic Auchi.

Have you gotten the Group Life?

FREQUENTLY ASKED QUESTIONS ON GROUP LIFE ASSURANCE SCHEME
1. What does the Pension Reform Act say about Life Insurance?

Section 9(3) of the Act makes it mandatory for every Employer (including the Federal Government and all its Agencies) to maintain Life Insurance Policy in favour of the employee for a minimum of three times the annual emolument of the employee.

2. What is a Life Assurance Policy?

Life Assurance is a contract arranged between an Insurance Company and the Policy holder (known as the assured) which provides benefits for the Next-of-Kin or dependents of the assured, upon the death of the assured as a result of natural or other causes covered.

3. What is Group Life Assurance (GLA)?

The Insurance Policy for employees is usually arranged on a group basis whereby all employees are covered under a Group Life Insurance contract. In the event of death of any of the employees covered under the Group Life Policy, the Insurance Company makes payment in respect of the deceased employee.

4. Who pays for the Insurance Policy?

The Employer bears fully, the cost of the Insurance Policy.

5. What constitutes the Group Life Assurance Benefit?

The beneficiary of the deceased is entitled to three (3) times the Gross Annual Total Emolument of the deceased Officer.

6. When did this Scheme take effect?

The Group Life Assurance Scheme for Federal Government Employees took effect from 1st July, 2004

7. What are the categories of Federal Employees Covered by this Scheme?

All employees of the Federal Government in Ministries, Departments and Agencies, including Paramilitary and the Intelligence Community.

8. Who is qualified to benefit from Group Life Assurance Scheme?

Federal Government employees who died whilst in service or in the case of missing persons (presumed dead after a year from the date declared by a Board of Inquiry set up by the National Pension Commission) are qualified to benefit from the Scheme.

9. What happens if Government does not procure Cover for Federal Government Employees?

In cases where Government fails to procure Insurance Cover for Federal Government Employees, such periods are referred to as “Backlog” period and all claims that fall under this period are referred to the Office of the Head of the Civil Service of the Federation (OHCSF) for processing and settlement.

10. What are the periods of Cover since inception? The following periods are the periods when Insurance Companies were appointed to provide Group Life Insurance Cover for Federal Government Employees:

⦁ 1st January 2008 – 31st December, 2008

⦁ 1st March, 2010 – 31st March, 2011

⦁ 1st April, 2011 – 31st December, 2011

⦁ 1st January, 2012 – 31st December, 2012

⦁ 24th December, 2013 – 23rd December, 2014

⦁ 13th August, 2015 – 12th August, 2016

⦁ 20th April, 2017 – 19th April, 2018

11. Who is responsible for the settlement of claims under the Periods of Cover?

Insurance Companies and Brokers are appointed by the Federal Government and thereafter assigned to Ministries, Departments and Agencies (MDAs) to provide Insurance Cover for the Employees of those MDAs. It is their responsibility to process and settle death claims that occur in their assigned MDA

12. What are the periods since inception for which no Insurance Cover was procured?

⦁ 1st July, 2004 – 31st December, 2007

⦁ 1st January, 2009 – 28th February, 2010

⦁ 1st January, 2013 – 23rd December, 2013

⦁ 24th December, 2014 – 12th August, 2015

⦁ 13th August, 2016 – 19th April, 2017

⦁ 20th April, 2018 – date

13. How are Insurance Companies and Brokers selected to handle the Scheme?

The Office of the Head of Civil Service of the Federation advertises for Prequalification of interested Insurance Companies and Brokers to participate in the Scheme. The process of Selection of credible Insurance Companies and Brokers are carried out in line with the Public Procurement Act, 2007.

14. How is Group Life Assurance death claim processed?

For deceased Officers whose death claims fall under the period of Insurance Cover, the Pension/Insurance Desk Officer of the deceased’s MDA is required to immediately notify the appointed Insurance Broker of the demise of any Officer in their MDA for necessary documentation and processing of claims
In addition to the notification, the Desk Officer is required to forward a duly completed Death Notification Form (DNF) in respect of each deceased Officer with relevant documents attached as provided on the DNF duly signed by the Director Human Resources Management of the deceased Officer’s MDA.

15. What are the documents required for processing of the death claims?

⦁ Evidence of death/burial Issued by Imam or Pastor

⦁ Certificate of registration of death

⦁ Police report (if death is by accident)

⦁ Burial warrant issued by Local Government Council

⦁ Certificate of death/cause of death

⦁ Copy of Obituary poster (if any)

⦁ Declaration of Wish/Evidence of nomination of next-of-kin

⦁ Letter of Administration

⦁ 3 months payslip preceding the date of death`

16. Can an Employer deduct any outstanding debts of the employee from the benefits payable in the event of death?

The Employer does not have the right to make any deduction from the benefit payable. The total amount of benefits must be paid in full.

17. How long does it take for claims to be paid under the circumstances below, to Next-of-Kins or Dependents of deceased Officers? Benefits?

When there is Insurance Cover, Claims notified, with complete documentation are processed and settled within One (1) month of receipt of such request by the Insurance Company.

When there is no Insurance Cover (Backlog Period)
Claims are processed within 5 days of notification by the Office of the Head of the Civil Service of the Federation and inputed into the Database, waiting to be paid as soon as funds are released by the Federal Ministry of Finance, on a first come first serve basis.

livewithpurpose:
I'm speaking from experience as well. My family has been paid his Group Life Insurance and it took us only 4 months to get everything. The only thing pending now is the Pension and this is because of the Accrued Rights that has to be paid first by the Federal Government before we can have access to the account.

Can we talk on whatsapp pls

I guess my own will take forever. My father died in 2014. I contacted ARM pension as regards his benefits. I was told his RSA was unfunded. I was advised to contact his employer. I submitted all necessary documents for Group life and also remittance of the CPS.
The documents were forwarded to PENCOM and Ministry in charge for his Group life in May, 2015.
The RSA was funded in May 2019. I was asked by his PFA to submit documents for payments of his death benefits. Which I did immediately. And it took about 2 months for verification of Death Certificate and ROA.
Now, I have to wait for PENCOM to take years to pay his Accrued Rights before I have access to the balance on his RSA.
This is just not fair.