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Thefarmer3's Posts

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InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 9:38pm On Jul 14, 2021
yetunsbay:
Optimism
Wow! That's the word bro... God bless you for this
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 9:26am On Jul 14, 2021
https://www.pencom.gov.ng/contact-us/

You can contact them through their zonal offices as listed in the link above, it's easier to reach them that way unlike when you call the headquarters
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 9:15am On Jul 14, 2021
Let's just be hopeful
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 9:13am On Jul 14, 2021
yetunsbay:
with all this reconciliation then I don't think remittance can suffice this month
Hmmm... My brother, I think you're right.
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 1:49am On Jul 14, 2021
yetunsbay:
Understood but I guess the balance in RSA is being invested while it either increases or decreases
Yeah, very correct, ROI that enters into the RSA even after demise won't be tampered with. But the EE & ER contributions would.
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 8:51pm On Jul 13, 2021
ChemicalReaction:
Possibly PENCOM. Cos the documents were certified correct by my PFA upon submission.

This was when the judiciary was on strike.

Mind you, since I'm not the beneficiary, I didn't see the need to ask this question.
Alright, understood
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 8:50pm On Jul 13, 2021
yetunsbay:
Which term should we now give the current balance in RSA oo as far I'm awared DB will not even be paid through them sef. Rather it's paid directly into beneficiaries acct so why withhold RSA bal if not being fishy
I think they're withholding the RSA funds cos PENCOM has to give approval before it can be released. And before approval, PENCOM has to do reconciliation. I.e; ensure that the balance in the RSA is actually what it's supposed to be, no overpayment & no underpayment.

For instance, my dad passed away in 2018 and they were still crediting his RSA till 2019(which was when our application reached PENCOM). So I was told that all the contributions that came into his RSA after his demise would be deducted, and if at all he had been shortpaid at some times, that would also be corrected... All these would happen during reconciliation...... According to my PFA's explanation
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 4:57pm On Jul 13, 2021
ChemicalReaction:
This could be true cos they've called my family twice to swear a certain affidavit. Apparently, the next of kin has two names in the letter of administration and three names in National ID.
Really? Please who called, PENCOM or your PFA?
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 8:35am On Jul 13, 2021
Let's hope things will work differently in a better way this time around
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 8:34am On Jul 13, 2021
Winter12:
They would first show themselves then pay one or two batches while, telling the world they've paid 15 batches
I called their Lagos office and Kano office, they assured me that we'll all be paid soon. Let's wait and see. I asked on Facebook, I was told they are doing reconciliation of accounts
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 5:37am On Jul 04, 2021
Winter12:
That's what am afraid of
Please let us make efforts to contact PENCOM this week and our various PFAs too, to hear what they have to say about it
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 10:14pm On Jul 02, 2021
yetunsbay:
Next batch get set pls
Well, I hope this good news won't take long before taking effect
CrimeRe: Ebenezer Died Of Gunshot Wound Because Hospitals Demanded Police Report —friends by Thefarmer3: 12:58pm On Jun 11, 2021
SadiqBabaSani:
Wats d position of the law on refusing to treat victims of gunshot wounds without police report?

Any lawyer in fhe house...
Don't know how true sha, I heard from a police officer that hospitals can go ahead with the treatment of gunshot victims without police report, but they shouldn't release them after treatment until police team arrives for investigation
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 11:17am On Jun 03, 2021
yetunsbay:
lol. Which 91 ? No mind dem oo
With the way I'm seeing it, I think your batch 91 is under Accrued DB oo
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 11:15am On Jun 03, 2021
Tajudeenayodele:
Boss I hail o.
How's everyone doing ?
Who know the batch they are paying
Mehn, you're lucky oo... That they even replied your message na luck grin grin grin grin
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 3:52pm On Jun 02, 2021
yetunsbay:
why mumu PenCom go credit PFA account sef instead of administrator's
I think that's how they do it o, PENCOM only transacts with the PFA.

But na rubbish sha, they keep using different delay tactics
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 3:46pm On Jun 01, 2021
livewithpurpose:
We have not been paid yet. The court strike is delaying things with confirming the documents.
Nawaoo
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 8:12pm On May 05, 2021
livewithpurpose:
Once Pencom has reconciled the account, you can access the money in the pension account even before the death benefits and accrued rights are paid.

You'll need to apply to have the money paid into the beneficiary account. Once the pfa has verified the documents and forwarded to Pencom for approval, the money will be transferred to the account number you indicated when submitting the application. This doesn't take time according to information from the PFA. Whenever the accrued rights and death benefits are paid, it'll be transferred also to the beneficiary's account without any additional submission.
Thanks for this explanation... Please, is it possible for the account of those placed on batch 97 to have been reconciled? ...or how can one know if one's account has been reconciled?
RomanceRe: See How My Gf And Friend Pranked Me, Almost Killed Someone Y'day (pics). by Thefarmer3: 9:25pm On Apr 15, 2021
format9798:
U are all getting it wrong. That guy didn't put up a fight because he thought it was his friend's dick that was inserted in his mouth, but the manner the object (cucumber) was shoved into his mouth. He wasn't expecting that to be done to him, i.e putting something in his mouth.
Exactly, cucumber and penis don't even have the same texture hence can't me mistaken. We can also consider the distance from the guy's waist to the other guys mouth, how would he insert his penis in his mouth without having to climb him?... Except if he detaches the penis

grin grin grin... They're getting it so wrong
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 4:27am On Mar 29, 2021
yetunsbay:
be kind to update us tmrw to knw headway
Bro, maybe you should check your PFA too, it's possible for them to have released funds for more than 1 batch, and you're 91
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 4:16am On Mar 29, 2021
Winter12:
Accrued right are for government workers who started working before year 2004 because government have to settle the for the services they rendered to the government.

Death benefit are for the government workers who died while in active duty. It's for those who hasn't retired and died. It comprises of three times the annual emolument of the worker.

Contributory is the voluntary contribution made by the worker before he/she died.

Which one is yours among all?
All of the above sir grin grin grin

My papa never retire when he died in 2018, he has been working for FG since 1983 or so

I believe his contributory is with the PFA already cos I do receive alerts on his line shortly after he passed.
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 4:15am On Mar 29, 2021
Winter12:
Those stanbic failed to send the full document to pencom so they had to move it forward to batch 90.
I will check stanbic tomorrow, because I think they should have paid since we are already in batch 90
Alright, please do.
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 8:31pm On Mar 28, 2021
Winter12:
If your batch is 97 in accrued right, they will surely get there by November
Boss, the accrued/contributory stuff dey confuse me oo. I believe both are for death benefits.

Maybe contributory is for those who started working with FG after 2004
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 8:28pm On Mar 28, 2021
Winter12:
Great news bro, where's our recharge card money?
That means it can be sent into your account.

We that have to wait for both accrued and death benefit are here. Batch 90-90
Sup bro, I thought you were placed in batch 82?
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 1:34pm On Mar 27, 2021
livewithpurpose:
Good News! I was at the PFA today and they told me my late dad's account has been reconciled and accrued paid. Batch 90.
Wow! Happy for you sir

#Team97

Hopefully e go reach us this year oo
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 6:43pm On Feb 13, 2021
yetunsbay:
haha, thanks bro. Should we now assume lodgement will soon be made.

Nevertheless, are you aware whether disbursement has commenced this year ?
Haven't heard anything about disbursement oo. Seriously hoping it would be done soon
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 8:12am On Feb 13, 2021
yetunsbay:
Learned fellow, what can make RSA balance bro be stagnant (no increase nor decrease) for a complete week ?

Are they trying to make some deductions/calculations before lodgement of anticipated accrued benefits.

Any experience/idea pls
I stopped receiving contributions alert since Dec 2019, which was when our application got to PENCOM.

The only alert I've been receiving after that is quarterly statements
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 8:08am On Feb 13, 2021
yetunsbay:
Learned fellow, what can make RSA balance bro be stagnant (no increase nor decrease) for a complete week ?

Are they trying to make some deductions/calculations before lodgement of anticipated accrued benefits.

Any experience/idea pls
Yeah, something like that. In fact it should have been stagnant from the moment PENCOM placed you on a batch...According to what our PFA told me, which I'm also experiencing

I was also told that PENCOM will deduct all contributions made after the deceased's date of death
PropertiesRe: Know About Geophysical Investigation For Borehole Drilling and others by Thefarmer3: 5:44am On Feb 11, 2021
Larwin:
We investigate your failed borehole and give you a better point to drill.
Hello Larwin, good job you're doing here. Please what's the meaning of the numbers and colors on this survey graph? How are they interpreted?
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 5:01am On Feb 08, 2021
lmm4real:
Have you been to their office in Abuja, you need to see the kind of cars they pack there.
Honestly bro, that place is just like an embassy... grin grin grin... Our money oo
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 10:31pm On Jan 20, 2021
yetunsbay:
May God help us all. But why Pencom dey slow down things naw
I wonder oo. Money kuku dey
InvestmentRe: How Pension Managers Are Cheating Nigerians by Thefarmer3: 10:29pm On Jan 20, 2021
Currentlygrown:
Good day, Thefarmer3. Honestly, I’ve had this same problem. There’s been no way to confirm if our application has been sent to Abuja. I’d appreciate if you can help me out, It would mean a lot to my family. Can I also text you on your number?
Okay

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