Noloss:


After the first 25 percent, when can we withdrawl the rest invade of lost of job.

when u reach retirement age.

But this ought to be amended so that employed people who lost their jobs and couldn't secure another job after 2 or 3 years can withdraw all their savings to keep them going because its someone that's alive that can talk about pension lol

cpapa:
bros i have withdraw 25% and was told i can not withdraw again till 50yrs

yes that's the policy but to me its unfair.

This policy ought to be amended so that employed people who lost their jobs and couldn't secure another job after 2 or 3 years can withdraw all their savings to keep them going because its someone that's alive that can talk about pension lol

Noloss:

It is true, my hubby got his when he lost his job but haven't been able to withdraw the rest. They said until he is 60.

Tnx

Informative & Educative.

oruma19:
is it ur money? it is supposed to be my savings , i should be given all my money. Nigeria is not a working country, a few people are digging into poor people's savings and using it to enrich themselves u are trying to explain what i dont know. must u save money for me/ is not like its a country where tinz work. nonsense

Oga no be fight now. I am not the one keeping your money. I was only trying to explain position of the law. Now if you would like to know, I share the same position with you but the law will not allow me. If allowed, I will keep my pension myself because I don't trust all these government officials.

But what can we do?

franchasng:
you cannot. You are only entitled to withdraw up to 25% of your pension fund if you lose your job and unable to get a new employment after 4 months then u can apply for withdrawal of 25% of your contribution

What if I lost my job and collected 25% .Then after 5 years am still unable to secure a job can I still apply for another 25%?

OboOlora:
WTF mehn!!!!

TF am I the first person to comment on this post, where’s that Meisuya, kilichi reseller (in MI’s voice)
Is he dead? Did he commit suicide after his Boss lost the fight to Don Saraki yesterday?

Meanwhile, Femi Gbajabiamila just got my best friend pregnant and he’s not picking her calls!

Hmmmm you think it's cute to get on public forum and defame public figures right?
Karma is more powerful that Internet be care full.. Even if you are stating the fact clearly you and your pal are classless. Your pal felt smart by dating another woman husband thinking she will retire rich abi? Cheap classless dumb, slut

Emeskhalifa:

yes of course. the next of kin and family of the deceased are alive

any clue on how long it wil take

My brother ,i cannot lie you,if there is no will ehn, the process of getting letter of administration is a nightmare better imagined.For the favored best is 1 year ,averagely it takes 2 to 3 years but i have heard and even seen 5 years.

Unity19:


Oga no be fight now. I am not the one keeping your money. I was only trying to explain position of the law. Now if you would like to know, I share the same position with you but the law will not allow me. If allowed, I will keep my pension myself because I don't trust all these government officials.

But what can we do?

bros no vex jare, naija don frustrate us we no fit tink straight again na to dey fight anybody wey just talk like say he de support gvt... no vex bro. the tin de pain me...i saved for about 7 years since 2010-17 and could not get all my money, e de pain me

franchasng:
yes that's the policy but to me its unfair.

This policy ought to be amended so that employed people who lost their jobs and couldn't secure another job after 2 or 3 years can withdraw all their savings to keep them going because its someone that's alive that can talk about pension lol

my brother have close to a million naira nd it will take me 15yrs to get to 50yrs but have decided to do other things to put food on d table

franchasng:
when u reach retirement age.

But this ought to be amended so that employed people who lost their jobs and couldn't secure another job after 2 or 3 years can withdraw all their savings to keep them going because its someone that's alive that can talk about pension lol

Gbam. Inshort it boils down as usual to nobody giving a hoot once you aren't the victim .." e no concern us"

what are the procedure of collecting the 25%. at all, at all naim bad.

Noloss:

It is true, my hubby got his when he lost his job but haven't been able to withdraw the rest. They said until he is 60.

50

romenna:
The govt cannot make policies that will leave citizens vulnerable, impoverished and ultimately die.
When a contributor is faced with any life threatening situation, they shud be allowed to withdraw all their savings from pencom.
The monies saved can only be useful when one is alive at retirement.
Sometimes I think our lawmakers are totally daft and braiss

On the contrary they are way too smart. Their contributions are paid upfront. No stories

franchasng:
you cannot. You are only entitled to withdraw up to 25% of your pension fund if you lose your job and unable to get a new employment after 4 months then u can apply for withdrawal of 25% of your contribution

tell us the procedure of collecting the 25%

nakoks:

My brother ,i cannot lie you,if there is no will ehn, the process of getting letter of administration is a nightmare better imagined.For the favored best is 1 year ,averagely it takes 2 to 3 years but i have heard and even seen 5 years.

haaaa dats bad o

Ganjafama:
What if I lost my job and collected 25% .Then after 5 years am still unable to secure a job can I still apply for another 25%?

OYO is your name.. Lailai

OboOlora:
WTF mehn!!!!

TF am I the first person to comment on this post, where’s that Meisuya, kilichi reseller (in MI’s voice)
Is he dead? Did he commit suicide after his Boss lost the fight to Don Saraki yesterday?

Meanwhile, Femi Gbajabiamila just got my best friend pregnant and he’s not picking her calls!

Meanwhile congratulations to your best friend that just got pregnant for Honourable Femi Gbajabiamila. It calls for celebrations. I can see she belongs to the gang of Obo to ni óra. Her Obo has finally taken her places. She now dines and wines with the people at the helms of affairs.

My worries for her is not the fact that Femi isnt picking her calls but to know if she was able to achieve any significant thing while frolicking with her father's mate else SHE IS ON HER OWN because Femi will not pick her calls again either here or in the next life.

Not all that glitters is gold. Lesson for all.

How to turn your internet to a supermarket

sunbilor:
What are the conditions that will necessitate a company to enrole its staff in the compulsory pension scheme?

It is compulsory for every company in Nigeria to register with any of the PFA as long as the coy has minimum of two employees.

Ganjafama:
What if I lost my job and collected 25% .Then after 5 years am still unable to secure a job can I still apply for another 25%?

No, you cannot withdraw again until you clock the retirement age, sadly.

The senate needs to review the policy considering the high rate of unemployment in Nigeria. People may die of frustration and hunger before the retirement age and some office holders will loot the money belonging to dead people, Nigeria

Jogab:

tell us the procedure of collecting the 25%

go to your former employer and collect letter of job termination, but if you have it already, use it and go to your pension manager office. Google their offices if u don't know their address and go with a government recognised ID card to apply.

But your application will only be qualified if it is up to 6 months you lost your job and unable to secure another job.

They will process your application and also contact your former employer to ensure that u have been retrenched truly and the 25% will be paid to the account details you provided in your application form.

labiola:


It is compulsory for every company in Nigeria to register with any of the PFA as long as the coy has minimum of two employees.

Is there any punishment if a company of over 50 staff strength fails to enrole in the scheme?

sunbilor:
Is there any punishment if a company of over 50 staff strength fails to enrole in the scheme?

Yes.

Greetings to the senior men that understand this pension thing. I recently started my contribution and that from my employer but I noticed that since the first deposit the money has lost almost 4,000 within three weeks and I called them they said its the fees. I am wondering if this is the way they will be dedilucting from the money as I was thinking since they do invest it I was suppose to be getting yields or interest rather than the capital being eroded.
Any help will be highly appreciated.

franchasng:
you cannot. You are only entitled to withdraw up to 25% of your pension fund if you lose your job and unable to get a new employment after 4 months then u can apply for withdrawal of 25% of your contribution

What if the person resigned from his job?

Can he/she still apply to withdraw 25% of his funds?

Kobicove:


What if the person resigned from his job?

Can he still apply to withdraw 25% of his funds?

If you remain unemployed for a stipulated period of time. I can't remember the stipulated period again