Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,117 members, 7,814,919 topics. Date: Wednesday, 01 May 2024 at 11:28 PM

How Pension Managers Are Cheating Nigerians - Investment (11) - Nairaland

Nairaland Forum / Nairaland / General / Investment / How Pension Managers Are Cheating Nigerians (83334 Views)

Pension Managers Please Come In. / The Absurd Ways Pension Managers Cheat Nigerians part2. / I Want To Withdraw From My Pension Fund Account! (2) (3) (4)

(1) (2) (3) ... (8) (9) (10) (11) (12) (13) (14) ... (30) (Reply) (Go Down)

Re: How Pension Managers Are Cheating Nigerians by PeaceIlya: 7:12am On Oct 06, 2020
Winter12:
Go to her pfa with all her documents and meet with one of the top official. He/she will lead u through (just do the Nigeria tipping side)
If I don't have the Nigeria tipping side nko?
Re: How Pension Managers Are Cheating Nigerians by Winter12: 8:57pm On Oct 06, 2020
Go there with the documents and if they refuse to attend to you report them to pencom

PeaceIlya:
If I don't have the Nigeria tipping side nko?
Re: How Pension Managers Are Cheating Nigerians by Winter12: 12:55pm On Oct 30, 2020
Everyone on accrued rights should follow up on their pfa , they dont usually submit the full required documents causing delays. They are in batch 87. Same thing happened to me also.

Winter12:
Go there with the documents and if they refuse to attend to you report them to pencom

Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 7:57am On Oct 31, 2020
Winter12:
Everyone on accrued rights should follow up on their pfa , they dont usually submit the full required documents causing delays. They are in batch 87. Same thing happened to me also.

God helps
Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 7:59am On Oct 31, 2020
Why can't NOK claim balance in PFA separately sef before arrival of death benefits from Pencom
Re: How Pension Managers Are Cheating Nigerians by Winter12: 1:33pm On Oct 31, 2020
I was talking of accrued right. I went to their office in Oduduwa creasent. I don't know the batch for death benefit yet
Re: How Pension Managers Are Cheating Nigerians by Thefarmer3: 10:09am On Nov 03, 2020
yetunsbay:
batch 87, are you referring to death benefits ?

I don't understand where this discrepancy erupt from. As at yesterday Pencom rep informed me 83

Just spoke with them now, I gave the lady my dad's pin and she confirmed our batch as 97, also told me the last batch they paid is 84 for death benefits
Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 12:18pm On Nov 03, 2020
Thefarmer3:


Just spoke with them now, I gave the lady my dad's pin and she confirmed our batch as 97, also told me the last batch they paid is 84 for death benefits
may God help us.

97 ? Till 2022 be that oo
Re: How Pension Managers Are Cheating Nigerians by Thefarmer3: 1:44pm On Nov 03, 2020
yetunsbay:
may God help us.

97 ? Till 2022 be that oo

grin grin... I've accepted that in good faith oo
Re: How Pension Managers Are Cheating Nigerians by livewithpurpose: 3:46pm On Nov 06, 2020
Thefarmer3:


Just spoke with them now, I gave the lady my dad's pin and she confirmed our batch as 97, also told me the last batch they paid is 84 for death benefits

She confirmed this too. My late dad's batch is 90 and she said early next year so fingers crossed
Re: How Pension Managers Are Cheating Nigerians by Thefarmer3: 3:57pm On Nov 06, 2020
livewithpurpose:


She confirmed this too. My late dad's batch is 90 and she said early next year so fingers crossed

Correct... Happy for you sha
Re: How Pension Managers Are Cheating Nigerians by Currentlygrown: 7:31pm On Nov 06, 2020
livewithpurpose:


She confirmed this too. My late dad's batch is 90 and she said early next year so fingers crossed

Good day, excuse me what year did your dad die? I’m trying to sort out something on my side. My father died around August 2017. Do you have an idea what batch he would fall under?
Re: How Pension Managers Are Cheating Nigerians by FatherCHRISTMAS: 7:42pm On Nov 06, 2020
Whew what a read. Since 2013

1 Like

Re: How Pension Managers Are Cheating Nigerians by Thefarmer3: 8:40pm On Nov 06, 2020
Currentlygrown:


Good day, excuse me what year did your dad die? I’m trying to sort out something on my side. My father died around August 2017. Do you have an idea what batch he would fall under?

Ermmm, I don't think the year of death really matters. It is when your application reaches PENCOM that determines the batch he'll fall under... And it's your PFA that will determine when your application reaches PENCOM...
Re: How Pension Managers Are Cheating Nigerians by livewithpurpose: 8:54pm On Nov 06, 2020
Currentlygrown:


Good day, excuse me what year did your dad die? I’m trying to sort out something on my side. My father died around August 2017. Do you have an idea what batch he would fall under?

Your question has been answered by @Thefarmer3. The year doesn't matter. What matters is the batch your application has been put under.

1 Like

Re: How Pension Managers Are Cheating Nigerians by Currentlygrown: 8:20am On Nov 07, 2020
Thefarmer3:


Ermmm, I don't think the year of death really matters. It is when your application reaches PENCOM that determines the batch he'll fall under... And it's your PFA that will determine when your application reaches PENCOM...

Ok. I appreciate.
Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 8:39am On Nov 10, 2020
livewithpurpose:


She confirmed this too. My late dad's batch is 90 and she said early next year so fingers crossed
waho how early ? I'm 90 too
Re: How Pension Managers Are Cheating Nigerians by livewithpurpose: 10:51am On Nov 10, 2020
yetunsbay:
waho how early ? I'm 90 too

She said the first quarter. So fingers crossed
Re: How Pension Managers Are Cheating Nigerians by Takuruku4: 6:01pm On Nov 11, 2020
Gentlebabs:
@AZWealth, I carefully went through ur post and found d contents therein misleading. In a layman's language, the pension scheme has been privatized and retirees can always go to Pencom to to seek advice or redress as the case may be. It is not often the best when your claims are reportive and you are not a direct victim of the said deception. The government adoppted the contributory pension scheme, which started in Chile so as to alleviate the sufferings of her citizens/retirees. All complaints/ enquiries should be directed to Pencom. You can google their website, therein lies all you need to know about the new pension scheme. I humbly reque you stop misleading people on heresies. For your information, Pencom serves to regulate, monitor and melt out punitive measures to any of thw 24 PFA or 4 PFC's who errs...
Your brain need surgical operations,you see and read people's testimonies here yet you are talking trash....i believe strongly that you are one of the pension thieves.
Must the op be directly affected before voicing out?

People like you ought to have vanished from this world long ago.
Re: How Pension Managers Are Cheating Nigerians by LikeAking: 9:26pm On Nov 11, 2020
The whole pension thing is an advanced scam,but must people cant see.


Why force private workers to contribute to a pension scheme?

Let me tell you a before truth,must workers will die of poverty after retirement.

Even when they are paid their pensions monthly, it will be peanuts, because the Naira must have lost great value by then and the pension value will depreciate to nothing.

I n my company their will be no pension funds.

Workers must learn how to invest their money, by them selves.

Typical capitalist society.

Fleece the poor and become rich.
Re: How Pension Managers Are Cheating Nigerians by Winter12: 11:03am On Nov 22, 2020
yetunsbay:
waho how early ? I'm 90 too

Is it accrued right or death benefits?
We need to always follow both to be sure of what they are doing
Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 12:45pm On Nov 22, 2020
Winter12:


Is it accrued right or death benefits?
We need to always follow both to be sure of what they are doing
death benefits
Re: How Pension Managers Are Cheating Nigerians by livewithpurpose: 8:15am On Nov 25, 2020
I contacted them on Twitter and this is what Pencom said "Contributions Portion of Death Benefits: Up to (Batch 87) has been paid. Accrued Death Benefits: Up to (Batch 83) has been paid. Reason for delays is due to lack of funding from the Federal Government. But PenCom is working assiduously towards getting the Federal Government to release the funds."


Now I'm confused between the two.

1 Like

Re: How Pension Managers Are Cheating Nigerians by Winter12: 1:49pm On Nov 26, 2020
Batch 87 that they've paid up to is for accrued rights for government official that started work before 2004 and the other batch 83 is for death benefits.
Hopefully, the should get to batch 90 and 86 respectively before the end of the year

[q[b][/b]uote author=livewithpurpose post=96415813]I contacted them on Twitter and this is what Pencom said "Contributions Portion of Death Benefits: Up to (Batch 87) has been paid. Accrued Death Benefits: Up to (Batch 83) has been paid. Reason for delays is due to lack of funding from the Federal Government. But PenCom is working assiduously towards getting the Federal Government to release the funds."


Now I'm confused between the two.[/quote]

2 Likes

Re: How Pension Managers Are Cheating Nigerians by livewithpurpose: 11:40pm On Nov 27, 2020
Winter12:
Batch 87 that they've paid up to is for accrued rights for government official that started work before 2004 and the other batch 83 is for death benefits.
Hopefully, the should get to batch 90 and 86 respectively before the end of the year

[q[b][/b]uote author=livewithpurpose post=96415813]I contacted them on Twitter and this is what Pencom said "Contributions Portion of Death Benefits: Up to (Batch 87) has been paid. Accrued Death Benefits: Up to (Batch 83) has been paid. Reason for delays is due to lack of funding from the Federal Government. But PenCom is working assiduously towards getting the Federal Government to release the funds."


Now I'm confused between the two.

Thank you for explaining it. I pray so too ��

1 Like

Re: How Pension Managers Are Cheating Nigerians by Beststriker9(m): 7:30am On Dec 06, 2020
Hii pls can the family of a deceased person continue receiving payment and is there a duration

1 Like

Re: How Pension Managers Are Cheating Nigerians by frioslegend02: 11:52pm On Dec 08, 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.

1 Like

Re: How Pension Managers Are Cheating Nigerians by Beststriker9(m): 7:47am On Dec 09, 2020
frioslegend02:


Once the MDA gets to know, they stop payment immediately.
thnks hw abt those in the military?

1 Like

Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 11:34am On Dec 17, 2020
As at 17/12/2020

Death benefits- 85



Accrued Rights- 89

1 Like 1 Share

Re: How Pension Managers Are Cheating Nigerians by Thefarmer3: 11:57am On Dec 17, 2020
yetunsbay:
As at 17/12/2020

Accrued Rights- 85


Contributions- 89

Cool. Hopefully they'll reach your batch early next year, happy for you.

1 Like

Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 2:48pm On Dec 17, 2020
Thefarmer3:


Cool. Hopefully they'll reach your batch early next year, happy for you.
Thank u
Re: How Pension Managers Are Cheating Nigerians by Thefarmer3: 5:26pm On Dec 17, 2020
yetunsbay:
Thanks. Everyone will be happy.


All employees who started work before 2004 are entitled to both accrued benefits and contributions, only that the latter might be paid first

Oh, really?... So does that imply that as you're placed on batch 91, when contributions reach 91 you'll be paid, and you still have to wait for accrued rights to reach 91 too?

(1) (2) (3) ... (8) (9) (10) (11) (12) (13) (14) ... (30) (Reply)

MMM Releases 2017 Rules Ahead Jan. 14 / Ten Legal Ways To Become A Millionaire In Nigeria Before 2022 / This Is Bad News For Fixed Deposit Holder

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 37
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.