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How Long Does It Take Pencom To Give Approval? - Career (4) - Nairaland

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Re: How Long Does It Take Pencom To Give Approval? by lonelydora: 8:17pm On Dec 05, 2018
sluusher:

Am in Portharcourt and i need help with Pencom. How can you help? Do you have a number I can call at their Abuja office?

Their number do not go connect. Use e-mail
Re: How Long Does It Take Pencom To Give Approval? by Satioshi: 10:28pm On Jan 22, 2019
Bigsteveg:

Hello, i collected my VC last year august. I will like to collect another one now, is it possible? Please note that i collected the last one before PENCOM started once in two years VC regulations, does it apply to me? I will like to collect another this sept. Thank you

No you can't. The next withdrawal will be two years after your after the last. Note that you can access only 50% of the incremental contributions that have been domiciled in your RSA for a minimum of two years.

Balance of 50% will be used to augment your mandatory contributions are retirement.

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Re: How Long Does It Take Pencom To Give Approval? by Bigsteveg(m): 7:30am On Jan 23, 2019
Satioshi:


No you can't. The next withdrawal will be two years after your after the last. Note that you can access only 50% of the incremental contributions that have been domiciled in your RSA for a minimum of two years.

Balance of 50% will be used to augment your mandatory contributions are retirement.
Thank you.
Re: How Long Does It Take Pencom To Give Approval? by yetunsbay(m): 8:46am On Aug 13, 2019
micklplus:
Approval depends on many things.
I believe you've been paid now by the way.

21 days maximum waiting period
Good day bro, I requested for remittance of bal in PF of a deceased.

PFA had informed submission been made to PENCOM since June.


Till now no update or remittance yet. Can u kindly share on a norms this gulp like hw many months literarily ?
Re: How Long Does It Take Pencom To Give Approval? by Brass8: 9:26pm On Sep 16, 2019
Pls l will like to confirm if National Pension Commission have release acruide right and other Pension benefits to retiree of September 2018 to their PFA.
Re: How Long Does It Take Pencom To Give Approval? by olawaleadeola19: 9:04pm On Nov 26, 2019
Pls i am using premium pension limited. For how long does it take to approve my file to get paid
Re: How Long Does It Take Pencom To Give Approval? by grandeoj09(m): 9:09pm On May 19, 2020
Pal pension is the same as Nigeria system of government ,They were not effective in paying .
montanaguy:
I applied to access my 25% pension contribution since 20th Sept 2017. I was informed by Pal pensions that a letter was made to my last employer awaiting for a response from them. I was later told that my last employer had responded on 9th Oct and my request was sent to Pencom on 10th Oct for an approval to enable Pal pensions effect the payment into my account. Up till this moment, I have not received alert. Is that how Pencom delays to give approvals? I read a testimony of a nairalander here with Ibtc who got his account credited within 3weeks of his application. Why is it that Pal cannot keep their clients updated on the position of their applications like Ibtc? If I had not called and mailed them, I would not have known the stages of my application.
Re: How Long Does It Take Pencom To Give Approval? by Asquare84(m): 9:16am On May 22, 2020
fopishow:
Oga Micklplus, i am 26 planning to set up a retirement account based on self funding. Can you please advise a reliable PFA?

Iei anchor pension have a program for people who are self employed to still have a contributry pension account
Re: How Long Does It Take Pencom To Give Approval? by Asquare84(m): 9:18am On May 22, 2020
lonelydora:


Go there and shout at them. Are you in PH?

The person will be arrested and charge for assault
Re: How Long Does It Take Pencom To Give Approval? by xsanctus(m): 3:15pm On May 22, 2020
CrusaderSterling Pensions takes Maximum of 2 weeks to pay retirement benefits once its logged into their benefit tracker after submitting the required documents and it can be monitored from their mobile App.
Re: How Long Does It Take Pencom To Give Approval? by yetunsbay(m): 3:31pm On May 23, 2020
xsanctus:
CrusaderSterling Pensions takes Maximum of 2 weeks to pay retirement benefits once its logged into their benefit tracker after submitting the required documents and it can be monitored from their mobile App.
the lodgement by FG is now the problem.

Does anyone know the last batch of death benefits being paid/remitted by PENCOM ?
Re: How Long Does It Take Pencom To Give Approval? by micklplus(m): 4:32pm On Jul 06, 2020
Asquare84:


Iei anchor pension have a program for people who are self employed to still have a contributry pension account

Yes. All PFAs operate Micro Pension effective March 2019.
Re: How Long Does It Take Pencom To Give Approval? by boss960: 9:24am On Jan 18, 2021
Goodday everyone
I need advice or should I say I need to be enlightened. I lost my dad 2018 since dat tym having being processing my dad pension ,Av summit all d necessary documents to his PFA (trustfund)since than we Av being waiting
Anytime I call d PFA Dey will say PENCOM as not pay dem
Pls wot is d next line of action
Pls I need advice?how long will it take pencom to to pay is bond
Re: How Long Does It Take Pencom To Give Approval? by boss960: 9:25am On Jan 18, 2021
Goodday everyone
I need advice or should I say I need to be enlightened. I lost my dad 2018 since dat tym having being processing my dad pension ,Av summit all d necessary documents to his PFA (trustfund)since than we Av being waiting
Anytime I call d PFA Dey will say PENCOM as not pay dem
Pls wot is d next line of action
Pls I need advice?
Re: How Long Does It Take Pencom To Give Approval? by yetunsbay(m): 10:03am On Jan 18, 2021
boss960:
Goodday everyone
I need advice or should I say I need to be enlightened. I lost my dad 2018 since dat tym having being processing my dad pension ,Av summit all d necessary documents to his PFA (trustfund)since than we Av being waiting
Anytime I call d PFA Dey will say PENCOM as not pay dem
Pls wot is d next line of action
Pls I need advice?
call Pencom and confirm the batch he's been placed
Re: How Long Does It Take Pencom To Give Approval? by boss960: 9:05am On Jan 23, 2021
Thankz
Re: How Long Does It Take Pencom To Give Approval? by boss960: 1:13pm On Jan 30, 2021
Av call pencom ,batch 100 Dey placed us . Wen should we be expecting to get pay
Re: How Long Does It Take Pencom To Give Approval? by yetunsbay(m): 8:51am On Feb 01, 2021
boss960:
Av call pencom ,batch 100 Dey placed us . Wen should we be expecting to get pay
anytime from next year
Re: How Long Does It Take Pencom To Give Approval? by Nobody: 5:08am On Feb 02, 2021
yetunsbay:
anytime from next year
good day boss. Please do you know if pencom will pay soon. My mum has not received anything from them for the past 8 yrs. she retired since 2013. Any funds available to be disbursed? What is the timeline. Thank you
Re: How Long Does It Take Pencom To Give Approval? by udymex: 3:05pm On Apr 29, 2021
I have gone through hell trying to to access 25% of my RSA after being out of work for more than a year. I cannot recommend it to my worst enemy. Maybe it works fine elsewhere but here in Nigeria it is a total SCAM.

Apart from IBTC, the rest employ different delay tactics to frustrate/dissuade you from accessing your fund.
Re: How Long Does It Take Pencom To Give Approval? by xsanctus(m): 7:23pm On Apr 29, 2021
Stop deceiving people. Processing 25% pension benefits doesn't take more than 10 working days in all PFAs, provided you submitted authentic and not forged documents.
Probably you encountered a problem during processing which I'm so certain the error will be from you.
Kindly contact the PFA and ask what the problem is so they can direct you properly.
You can mention the name of the PFA for assistance.
udymex:
I have gone through hell trying to to access 25% of my RSA after being out of work for more than a year. I cannot recommend it to my worst enemy. Maybe it works fine elsewhere but here in Nigeria it is a total SCAM.

Apart from IBTC, the rest employ different delay tactics to frustrate/dissuade you from accessing your fund.
Re: How Long Does It Take Pencom To Give Approval? by boss960: 2:08pm On Oct 02, 2021
Pls dis is urgent ,I don't knw if anyone as ideal if I can withdraw the RSA BALANCE b4 death benefit
Re: How Long Does It Take Pencom To Give Approval? by otukpoyam(m): 10:11pm On Nov 04, 2021
Stanbic is currently frustrating my cousin. Application since 18th of last month.till now they haven't even forwarded to pencom for approval
Re: How Long Does It Take Pencom To Give Approval? by lafuria1(m): 12:00pm On Nov 24, 2021
otukpoyam:
Stanbic is currently frustrating my cousin. Application since 18th of last month.till now they haven't even forwarded to pencom for approval

These is strange but has it been resolved now?
Re: How Long Does It Take Pencom To Give Approval? by otukpoyam(m): 10:47pm On Nov 24, 2021
lafuria1:


These is strange but has it been resolved now?

Yes it's been resolved. Bt I had to keep calling and calling and disturbing their stanbic pension contact centre. They didn't forward to pencom in time despite my employee acknowledgement letter maturing after five days. That was the issue
Re: How Long Does It Take Pencom To Give Approval? by Desammyst(m): 11:07pm On Nov 24, 2021
How can my dad retrieve his pension savings from Niger Insurance? The amount is over 1million naira. embarassed embarassed
This PENCOM, I have written to them via email twice at different times, there is no response. What can I do, please?
Re: How Long Does It Take Pencom To Give Approval? by lafuria1(m): 11:16pm On Nov 24, 2021
otukpoyam:


Yes it's been resolved. Bt I had to keep calling and calling and disturbing their stanbic pension contact centre. They didn't forward to pencom in time despite my employee acknowledgement letter maturing after five days. That was the issue

That was really not nice of them, I was thinking it was the issue of the employer not responding to them

All good now.

Please how long did it take to credited after they sent to pencom for approval?
Re: How Long Does It Take Pencom To Give Approval? by lafuria1(m): 11:20pm On Nov 24, 2021
Desammyst:
How can my dad retrieve his pension savings from Niger Insurance? The amount is over 1million naira. embarassed embarassed
This PENCOM, I have written to them via email twice at different times, there is no response. What can I do, please?

Have you tried visiting them, going to their office should help you have a direction.

I doubt they will respond to mail because they don't have database of all pensioners to know what answers to give.

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