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How Pension Managers Are Cheating Nigerians - Investment (18) - Nairaland

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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)

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Re: How Pension Managers Are Cheating Nigerians by Eddodoh(m): 11:57pm On Apr 09, 2021
The worst of them all is FidelityPensions.

I have being going to their office in Kaduna to apply for the 25% of my contribution. I have never meet those guys in their Pension office. Anytime I go there, I would be told that they just left or they ain't coming to d office that day.

I wonder how they attend to their clients. I did with TrustFund Pensions, and anytime u go there, they are on seat to attend to u.
Re: How Pension Managers Are Cheating Nigerians by frioslegend02: 12:14am On Apr 10, 2021
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.
Re: How Pension Managers Are Cheating Nigerians by Winter12: 5:58pm On Apr 10, 2021
yetunsbay:
Winter12, thanks for the reply but in ur case...why are you not being paid Accrued Rights?

The funny thing is that, it has been paid.
They were using different excuses for me not to know, they only told me when I sent a mail and copied pencom.

What am left with now is just the death benefit which is also in batch 90. Mine is basically 90-90
Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 6:08pm On Apr 10, 2021
Winter12:


The funny thing is that, it has been paid.
They were using different excuses for me not to know, they only told me when I sent a mail and copied pencom.

What am left with now is just the death benefit which is also in batch 90. Mine is basically 90-90
Congrats. Atleast you can lay claim to what's paid for now (accrued rights).

This one they're wasting time paying 91 so, hope dey never stop paying accruals
Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 8:12am On Apr 19, 2021
God helps

1 Like

Re: How Pension Managers Are Cheating Nigerians by Aderounkemi: 5:06pm On May 01, 2021
We’ve submitted all the necessary documents to the bank. We’ve been monitoring the everything cause we still have my dads SIM card. The money has been paid into his pension account. After submitting the documents to the bank that he’s late they are yet to remit the money to the NOK account. Over 2months now

1 Like

Re: How Pension Managers Are Cheating Nigerians by Zobah: 8:42pm On May 01, 2021
Aderounkemi:
We’ve submitted all the necessary documents to the bank. We’ve been monitoring the everything cause we still have my dads SIM card. The money has been paid into his pension account. After submitting the documents to the bank that he’s late they are yet to remit the money to the NOK account. Over 2months now
it's supposed to be paid directly into the NOK's Account na
Re: How Pension Managers Are Cheating Nigerians by ChemicalReaction(f): 8:52pm On May 01, 2021
Zobah:
it's supposed to be paid directly into the NOK's Account na
I think it's to be paid into an estate account.

I stand corrected.

2 Likes

Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 7:43pm On May 02, 2021
Yet there CC are not reachable

1 Like

Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 1:23am On May 03, 2021
Still eagle eyed

1 Like

Re: How Pension Managers Are Cheating Nigerians by PeaceIlya: 7:23am On May 03, 2021
yetunsbay:
I need to ask this

1. Benefits fr FG to a deceased, is it going to be remitted into PFA or administrator's account ?

2. Awaiting arrival of aforementioned benefits fr FG in (1), can the current balance in RSA be claimed by the administrator ?
What's fr?
Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 8:41am On May 03, 2021
PeaceIlya:
What's fr?
from
Re: How Pension Managers Are Cheating Nigerians by PeaceIlya: 9:03am On May 03, 2021
yetunsbay:
from
1. Administrators account

2. If you started the process in April and by May you see a current balance, it's the one in May they will use.
Re: How Pension Managers Are Cheating Nigerians by PeaceIlya: 9:04am On May 03, 2021
ChemicalReaction:
I think it's to be paid into an estate account.

I stand corrected.
I think that's if you don't have a NOK, an estate account will be open for the beneficiaries.
Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 9:11am On May 03, 2021
PeaceIlya:
1. Administrators account

2. If you started the process in April and by May you see a current balance, it's the one in May they will use.
Thanks for your reply unfortunately I didn't get the second one clearly. The PFA giving excuse they still awaiting feedback from Pencom for FG benefits, then since those benefits will be lodged into Estate account direct they ought to release the fund or is it because of their gain from investing with it.

I started 2019 can current balance be claimed ?

1 Like

Re: How Pension Managers Are Cheating Nigerians by Thegracefulness: 5:47pm On May 03, 2021
Good day. Please, very urgent. Who else filed for death benefit around 2018? I just received payment information from somebody that I need to verify.

Year 2018.
Re: How Pension Managers Are Cheating Nigerians by Winter12: 11:44pm On May 03, 2021
Thegracefulness:
Good day. Please, very urgent. Who else filed for death benefit around 2018? I just received payment information from somebody that I need to verify.

Year 2018.

I filed my late dads own in 2018 also
Re: How Pension Managers Are Cheating Nigerians by Winter12: 11:45pm On May 03, 2021
yetunsbay:
Thanks for your reply unfortunately I didn't get the second one clearly. The PFA giving excuse they still awaiting feedback from Pencom for FG benefits, then since those benefits will be lodged into Estate account direct they ought to release the fund or is it because of their gain from investing with it.

I started 2019 can current balance be claimed ?

Before, you could. But most of the laws are changed.
Try calling your pfa to confirm
Re: How Pension Managers Are Cheating Nigerians by Thegracefulness: 12:29am On May 04, 2021
Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 5:15am On May 04, 2021
Winter12:


Before, you could. But most of the laws are changed.
Try calling your pfa to confirm
it's so comforting when u see your reply being attended to on Nairaland. I really appreciate.

Check this conversation affirming the claim can be made....still need to be sure before I go vex with the PFA
Re: How Pension Managers Are Cheating Nigerians by Winter12: 8:26am On May 04, 2021
@yetunsbay , compile your documents and take to your pfa. With the above message from pencom, you can withdraw is outstanding contributions pending his accrual
Re: How Pension Managers Are Cheating Nigerians by Winter12: 8:27am On May 04, 2021
Thegracefulness:


Great. Also, what’s your batch number?

Batch 90 death benefits .
Are you in 90 also?
Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 9:46am On May 04, 2021
Winter12:
@yetunsbay , compile your documents and take to your pfa. With the above message from pencom, you can withdraw is outstanding contributions pending his accrual
thank you for this. We moooooooooove
Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 9:48am On May 04, 2021
Winter12:


Batch 90 death benefits .
Are you in 90 also?
I hope you've receive Accrued Rights ?
Re: How Pension Managers Are Cheating Nigerians by Winter12: 9:53am On May 04, 2021
yetunsbay:
I hope you've receive Accrued Rights ?

I haven't , still waiting for batch 90 death benefit
Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 9:57am On May 04, 2021
[quote author=Winter12 post=101365778]

U wanna file together I guess
Re: How Pension Managers Are Cheating Nigerians by Thegracefulness: 11:31pm On May 04, 2021
Winter12:


Batch 90 death benefits .
Are you in 90 also?

Excuse me, Winter12. Are you filing for a State worker, or a Federal worker?
Re: How Pension Managers Are Cheating Nigerians by ChemicalReaction(f): 11:34pm On May 04, 2021
Thegracefulness:


Excuse me, Winter12. Are you filing for a State worker, or a Federal worker?
Hi..
Is there a difference as to how the former is done?

I need clarification.
Re: How Pension Managers Are Cheating Nigerians by livewithpurpose: 3:45am On May 05, 2021
yetunsbay:
Thanks for your reply unfortunately I didn't get the second one clearly. The PFA giving excuse they still awaiting feedback from Pencom for FG benefits, then since those benefits will be lodged into Estate account direct they ought to release the fund or is it because of their gain from investing with it.

I started 2019 can current balance be claimed ?

Yes you can claim the balance in the account once Pencom has reconciled the account
Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 4:40am On May 05, 2021
livewithpurpose:


Yes you can claim the balance in the account once Pencom has reconciled the account
Thank you for such honest reply.

How do I confirm PENCOM has reconciled the account ?..... bearing in mind benefits fr FG yet to be paid
Re: How Pension Managers Are Cheating Nigerians by livewithpurpose: 8:43am On May 05, 2021
yetunsbay:
Thank you for such honest reply.

How do I confirm PENCOM has reconciled the account ?..... bearing in mind benefits fr FG yet to be paid

Your PFA will tell you. In my own case, the PFA informed us.
Re: How Pension Managers Are Cheating Nigerians by yetunsbay(m): 9:48am On May 05, 2021
livewithpurpose:


Your PFA will tell you. In my own case, the PFA informed us.
RSA OUTSTANDING CONTRIBUTION PALAVA

Things just dey clumsy to me sef maybe it because I need cash.

1. pencom rep stated "Once beneficiary has been established and identified by the courts all money in the deceased RSA is transferred to beneficiary's account"

2. PFA rep emphasized they still reconciling & approval fr Pencom before payment

3. But shebi pension benefits will kuku be paid to Administrator direct

4. Obviously no more business with PFA anymore if (3) above span out like that....so why withholding the bal

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