kinglee007:
Hello Guys and gurus in the house.

Please someone dearly needs your financial advice.
My friend Joe (not real name) resigned early from his working place in 2019 and before the resignation, he had a pension plan with a Pension Company (name withheld). With the little he got from his former working place, he applied to retrieve his pension from the pension company but was told that he could only access 25% of the pensions for now.

The remaining funds, according to what he said they told him, can only be accessed when he clocks 50. That's more than a decade plus from the time of his resignation.

The funny thing about the whole ish is that, within the period he resigned, some older staffs(who were not up to 50 years in age) also resigned and had the same pension plan with him. They were also told the same thing about the 25% thing. Joe, called me up about a month ago and told me he and one of his old colleague that resigned the same time with him met at an event and they tried to catch up on how they've been fairing after resigning.

The discussion led to the friend laughing at Joe (in a mocking way), telling him that HE HAS GOTTEN FULL ACCESS TO THE REMAINING FUNDS IN HIS PENSION ACCOUNT. This guy is like a year or two older than Joe.

When Joe asked him how, he said he can't tell him how but he should understand that this is Nigeria. Joe has been begging this guy ever since to tell him not until yesterday that he sent a number to him via text telling him to call the number and tell the lady that he is from Joe's friend. He said the lady will link him up.

So guys and gurus in the house, I decided to throw this question here because I know most pension funds are handled by PENCOM and if it's still the same PENCOM I know, that rule of 50 years still stands.

So guys, please is it possible for someone to really have access to all his pension funds before he or she clocks 50? Sorry for the errors you might have encountered while reading and also the long post. Will appreciate if a response can be gotten as soon as possible. Thanks

He can only get 25% of his pension after 6 months of not getting another job. Then the remaining 75% is when he clocks 50 years.

You can assess up to 50percent of it but if course you have to meet various requirements.

For example you must not be working for a duration of time 6months or so plus other requirements.

From my personal experience when i lost my job from Telecom. You access 25% of your total pension if your not able to get another job after 3months. The remaining % can be access after you reach 50yrs or retirement. But what i dont know if they will release all your pensions when you meet there criteria .

Yes you can access 25% after 4months of being unemployed, it’s called lump sum. They will ask for some documents like letter of resignation, passport, birth cert etc I can’t remember again. And the most important one is they will require a letter of accrued from your ex employer, so you really need good favour from your ex employer. Contact your pension company and they will give you details.

I received mine around April this year to support my business. It’s quite fast sha

kinglee007:
Hello Guys and gurus in the house.

Please someone dearly needs your financial advice.
My friend Joe (not real name) resigned early from his working place in 2019 and before the resignation, he had a pension plan with a Pension Company (name withheld). With the little he got from his former working place, he applied to retrieve his pension from the pension company but was told that he could only access 25% of the pensions for now.

The remaining funds, according to what he said they told him, can only be accessed when he clocks 50. That's more than a decade plus from the time of his resignation.

The funny thing about the whole ish is that, within the period he resigned, some older staffs(who were not up to 50 years in age) also resigned and had the same pension plan with him. They were also told the same thing about the 25% thing. Joe, called me up about a month ago and told me he and one of his old colleague that resigned the same time with him met at an event and they tried to catch up on how they've been fairing after resigning.

The discussion led to the friend laughing at Joe (in a mocking way), telling him that HE HAS GOTTEN FULL ACCESS TO THE REMAINING FUNDS IN HIS PENSION ACCOUNT. This guy is like a year or two older than Joe.

When Joe asked him how, he said he can't tell him how but he should understand that this is Nigeria. Joe has been begging this guy ever since to tell him not until yesterday that he sent a number to him via text telling him to call the number and tell the lady that he is from Joe's friend. He said the lady will link him up.

So guys and gurus in the house, I decided to throw this question here because I know most pension funds are handled by PENCOM and if it's still the same PENCOM I know, that rule of 50 years still stands.

So guys, please is it possible for someone to really have access to all his pension funds before he or she clocks 50? Sorry for the errors you might have encountered while reading and also the long post. Will appreciate if a response can be gotten as soon as possible. Thanks

Under the law, it is capital No. Except the real owner before agreed plan.

meetgaya:


There isway some people are doing here but I will not tell you the location of my state. They will send their next of kin with death certificate and court administration and their money will be paid fully but when you are caught you will be pepper soup.

if the owner of the account is still alive then he does not have any pension to fall back on at retirement age because the outstanding amount in his pension account have been paid to next of kin

kinglee007:
Hello Guys and gurus in the house.

Please someone dearly needs your financial advice.
My friend Joe (not real name) resigned early from his working place in 2019 and before the resignation, he had a pension plan with a Pension Company (name withheld). With the little he got from his former working place, he applied to retrieve his pension from the pension company but was told that he could only access 25% of the pensions for now.

The remaining funds, according to what he said they told him, can only be accessed when he clocks 50. That's more than a decade plus from the time of his resignation.

The funny thing about the whole ish is that, within the period he resigned, some older staffs(who were not up to 50 years in age) also resigned and had the same pension plan with him. They were also told the same thing about the 25% thing. Joe, called me up about a month ago and told me he and one of his old colleague that resigned the same time with him met at an event and they tried to catch up on how they've been fairing after resigning.

The discussion led to the friend laughing at Joe (in a mocking way), telling him that HE HAS GOTTEN FULL ACCESS TO THE REMAINING FUNDS IN HIS PENSION ACCOUNT. This guy is like a year or two older than Joe.

When Joe asked him how, he said he can't tell him how but he should understand that this is Nigeria. Joe has been begging this guy ever since to tell him not until yesterday that he sent a number to him via text telling him to call the number and tell the lady that he is from Joe's friend. He said the lady will link him up.

So guys and gurus in the house, I decided to throw this question here because I know most pension funds are handled by PENCOM and if it's still the same PENCOM I know, that rule of 50 years still stands.

So guys, please is it possible for someone to really have access to all his pension funds before he or she clocks 50? Sorry for the errors you might have encountered while reading and also the long post. Will appreciate if a response can be gotten as soon as possible. Thanks

What Joe's friend mean is "a man's gift maketh way for him" according to our bible. He should grease hands...that is what that "This is Nigeria mean"

kinglee007:
Hello Guys and gurus in the house.

Please someone dearly needs your financial advice.
My friend Joe (not real name) resigned early from his working place in 2019 and before the resignation, he had a pension plan with a Pension Company (name withheld). With the little he got from his former working place, he applied to retrieve his pension from the pension company but was told that he could only access 25% of the pensions for now.

The remaining funds, according to what he said they told him, can only be accessed when he clocks 50. That's more than a decade plus from the time of his resignation.

The funny thing about the whole ish is that, within the period he resigned, some older staffs(who were not up to 50 years in age) also resigned and had the same pension plan with him. They were also told the same thing about the 25% thing. Joe, called me up about a month ago and told me he and one of his old colleague that resigned the same time with him met at an event and they tried to catch up on how they've been fairing after resigning.

The discussion led to the friend laughing at Joe (in a mocking way), telling him that HE HAS GOTTEN FULL ACCESS TO THE REMAINING FUNDS IN HIS PENSION ACCOUNT. This guy is like a year or two older than Joe.

When Joe asked him how, he said he can't tell him how but he should understand that this is Nigeria. Joe has been begging this guy ever since to tell him not until yesterday that he sent a number to him via text telling him to call the number and tell the lady that he is from Joe's friend. He said the lady will link him up.

So guys and gurus in the house, I decided to throw this question here because I know most pension funds are handled by PENCOM and if it's still the same PENCOM I know, that rule of 50 years still stands.

So guys, please is it possible for someone to really have access to all his pension funds before he or she clocks 50? Sorry for the errors you might have encountered while reading and also the long post. Will appreciate if a response can be gotten as soon as possible. Thanks

Yes bro u can have access to ur pension fund.

My friend collected his two months ego, but just that you'll pay so much.

My friends pension was 3.8m, but the people running it for him bargained with him on the basis that they'll collect 800k and give hi 3m,but because sapa dey worry am Wella and him have two beautiful girls to take care of an school resumption was close, he had no choice than to agreed with them.

The whole thing took just a month, but las las wetin him get na 2.8m.

Yep! You can well.. over in here in England you can access your pension anytime you wish before retirement, but they will tax you on it.


I don't know in which country you are.

Very much possible. I have withdrawn from my pension fund. Provided u r out of job for six months you can access 25% of ur fund.

meetgaya:

I left my work in 2015 with 2.3m with pension administrators, they gave 25% and the balance remain 1.7m today it has grown up to 3.5m just about 7years. I like trustfund pensions anytime

Please can one change his pension Admin
Then I was naive though they came with many of these pension admins but there was no smart phone then and I couldn't surf to get the best

post=106848684:
You're not allowed to make an early withdrawal either. In short, most pensions won't let you withdraw funds until you reach retirement age. On average, that's at the age of 65. But, most pension plans give you the option to begin collecting early retirement benefits as early as age 55.

As early as 50 years

brosom:
Yes bro u can have access to ur pension fund.

My friend collected his two months ego, but just that you'll pay so much.

My friends pension was 3.8m, but the people running it for him bargained with him on the basis that they'll collect 800k and give hi 3m,but because sapa dey worry am Wella and him have two beautiful girls to take care of an school resumption was close, he had no choice than to agreed with them.

The whole thing took just a month, but las las wetin him get na 2.8m.

Please kindly link me
I want to withdraw my money

Yes you can access some percentage.

I accessed mine last 2years after i left my bank job and am in my 30s.

The percentage of fund you can access varies with firms. I am with Premium Pension and their is 25% of sum total.

Call me to give you guide lines.

07044484014.
Best of luck.

you Can access 25% of your total funds Only Once and once only before retirement after which the total some may be collected at once.
I know this is so for Stanbic Ibtc because I bank with them

The pension plan is a good plan o... They deliberately make it hard for you to access and withdraw even the 25%. The idea is for you to try get something else doing to survive and lose interest in wanting to access and collect the dough. To me it ain't bad,your money is still available for you when you get to 50.

Brodaly just talk say na you.. Which one be thisJoe Biden Joe Biden wey u dey talk

kinglee007:
Hello Guys and gurus in the house.

Please someone dearly needs your financial advice.
My friend Joe (not real name) resigned early from his working place in 2019 and before the resignation, he had a pension plan with a Pension Company (name withheld). With the little he got from his former working place, he applied to retrieve his pension from the pension company but was told that he could only access 25% of the pensions for now.

The remaining funds, according to what he said they told him, can only be accessed when he clocks 50. That's more than a decade plus from the time of his resignation.

The funny thing about the whole ish is that, within the period he resigned, some older staffs(who were not up to 50 years in age) also resigned and had the same pension plan with him. They were also told the same thing about the 25% thing. Joe, called me up about a month ago and told me he and one of his old colleague that resigned the same time with him met at an event and they tried to catch up on how they've been fairing after resigning.

The discussion led to the friend laughing at Joe (in a mocking way), telling him that HE HAS GOTTEN FULL ACCESS TO THE REMAINING FUNDS IN HIS PENSION ACCOUNT. This guy is like a year or two older than Joe.

When Joe asked him how, he said he can't tell him how but he should understand that this is Nigeria. Joe has been begging this guy ever since to tell him not until yesterday that he sent a number to him via text telling him to call the number and tell the lady that he is from Joe's friend. He said the lady will link him up.

So guys and gurus in the house, I decided to throw this question here because I know most pension funds are handled by PENCOM and if it's still the same PENCOM I know, that rule of 50 years still stands.

So guys, please is it possible for someone to really have access to all his pension funds before he or she clocks 50? Sorry for the errors you might have encountered while reading and also the long post. Will appreciate if a response can be gotten as soon as possible. Thanks

kinglee007:
Hello Guys and gurus in the house.

Please someone dearly needs your financial advice.
My friend Joe (not real name) resigned early from his working place in 2019 and before the resignation, he had a pension plan with a Pension Company (name withheld). With the little he got from his former working place, he applied to retrieve his pension from the pension company but was told that he could only access 25% of the pensions for now.

The remaining funds, according to what he said they told him, can only be accessed when he clocks 50. That's more than a decade plus from the time of his resignation.

The funny thing about the whole ish is that, within the period he resigned, some older staffs(who were not up to 50 years in age) also resigned and had the same pension plan with him. They were also told the same thing about the 25% thing. Joe, called me up about a month ago and told me he and one of his old colleague that resigned the same time with him met at an event and they tried to catch up on how they've been fairing after resigning.

The discussion led to the friend laughing at Joe (in a mocking way), telling him that HE HAS GOTTEN FULL ACCESS TO THE REMAINING FUNDS IN HIS PENSION ACCOUNT. This guy is like a year or two older than Joe.

When Joe asked him how, he said he can't tell him how but he should understand that this is Nigeria. Joe has been begging this guy ever since to tell him not until yesterday that he sent a number to him via text telling him to call the number and tell the lady that he is from Joe's friend. He said the lady will link him up.

So guys and gurus in the house, I decided to throw this question here because I know most pension funds are handled by PENCOM and if it's still the same PENCOM I know, that rule of 50 years still stands.

So guys, please is it possible for someone to really have access to all his pension funds before he or she clocks 50? Sorry for the errors you might have encountered while reading and also the long post. Will appreciate if a response can be gotten as soon as possible. Thanks

Even if you Stumble on how to collect the Whole money, I'll advise you don't.

Money Na spirit o.... You will Most Likely Squander the Money for your Retirement Now....

Nobody will be Able to Save you...When u need Money Dearly at Retirement( Remember Men are lonelier at old age)

This remaining 75% is suppose to be divided into Monthly incomes for you.... so you don't die of starvation at Retirement.
don't Go and Grab it all now and Destroy the future!

my 2 cents...

Yes
By virtue of section 7(2) of the Pension Reform Act,2014, an employee who disengages from employment or is disengaged before the age of 50 on medical grounds, under the provisions of section 16 (2) and (5) and is unable to secure employment within 4 months of disengagement, is allowed with the approval of the Commission, to make withdrawals from the account, although not exceeding 25% of the total amount credited to the retirement savings account.
Thereafter, such an employee would be able to withdraw the balance in the RSA in accordance with section 7 (1) of the Act.

Most likely his guys may have declared themselves mentally incapacitated to facilitate the release of the funds.

post=106848556:
This is the ONLY official answer to your question,
Coming from NATIONAL PENSION COMMISSION.

Access to the RSA will only be allowed upon retirement.
If an employee retires at the age of 50 years or more he/she can have immediate access to the RSA. Similarly, if an employee retires before the age of 50 years due to mental or physical incapacity, he or she can have immediate access to his/her RSA.

Whereas an employee who retires under the age of 50 years in accordance with the terms and conditions of employment will not access the RSA until after six months of such retirement if he/she does not secure another employment.

Goodluck to your friend!

Brother kindly dm me and tell me how you did that

chiokeman:
Very much possible. I have withdrawn from my pension fund. Provided u r out of job for six months you can access 25% of ur fund.

That used to happen before now. People do go to court to change their date of birth, use some connections to access their funds. But now, this era of NIN, u can't achieve that cos it's your NIN they use now.

kinglee007:
Hello Guys and gurus in the house.

Please someone dearly needs your financial advice.
My friend Joe (not real name) resigned early from his working place in 2019 and before the resignation, he had a pension plan with a Pension Company (name withheld). With the little he got from his former working place, he applied to retrieve his pension from the pension company but was told that he could only access 25% of the pensions for now.

The remaining funds, according to what he said they told him, can only be accessed when he clocks 50. That's more than a decade plus from the time of his resignation.

The funny thing about the whole ish is that, within the period he resigned, some older staffs(who were not up to 50 years in age) also resigned and had the same pension plan with him. They were also told the same thing about the 25% thing. Joe, called me up about a month ago and told me he and one of his old colleague that resigned the same time with him met at an event and they tried to catch up on how they've been fairing after resigning.

The discussion led to the friend laughing at Joe (in a mocking way), telling him that HE HAS GOTTEN FULL ACCESS TO THE REMAINING FUNDS IN HIS PENSION ACCOUNT. This guy is like a year or two older than Joe.

When Joe asked him how, he said he can't tell him how but he should understand that this is Nigeria. Joe has been begging this guy ever since to tell him not until yesterday that he sent a number to him via text telling him to call the number and tell the lady that he is from Joe's friend. He said the lady will link him up.

So guys and gurus in the house, I decided to throw this question here because I know most pension funds are handled by PENCOM and if it's still the same PENCOM I know, that rule of 50 years still stands.

So guys, please is it possible for someone to really have access to all his pension funds before he or she clocks 50? Sorry for the errors you might have encountered while reading and also the long post. Will appreciate if a response can be gotten as soon as possible. Thanks

Oga it's not possible! My immediate younger brother have tried it all round and it never works. He even hired Finance lawyers and nothing come out. He worked with Zenith bank security but he is still pushing but always meets dead end.

brosom:
Yes bro u can have access to ur pension fund.

My friend collected his two months ego, but just that you'll pay so much.

My friends pension was 3.8m, but the people running it for him bargained with him on the basis that they'll collect 800k and give hi 3m,but because sapa dey worry am Wella and him have two beautiful girls to take care of an school resumption was close, he had no choice than to agreed with them.

The whole thing took just a month, but las las wetin him get na 2.8m.

For real? I'm beginning to think that this is part of the "lady" them that Joe's colleague told him about.

brosom:
Yes bro u can have access to ur pension fund.

My friend collected his two months ego, but just that you'll pay so much.

My friends pension was 3.8m, but the people running it for him bargained with him on the basis that they'll collect 800k and give hi 3m,but because sapa dey worry am Wella and him have two beautiful girls to take care of an school resumption was close, he had no choice than to agreed with them.

The whole thing took just a month, but las las wetin him get na 2.8m.

I have been trying to access 25% of mine over a month now, they say they are doing capturing. They want to make me forfeit the money.

God will punish Nigerians honestly.

Papichulostunne:
Brodaly just talk say na you.. Which one be thisJoe Biden Joe Biden wey u dey talk

Brother, no be me. And if you read carefully (which I strongly doubt) you'll see where I typed that Joe isn't my friends real name either. People sef....

How I wish I can get the connect to access my pension funds. Have over #3M and don't mind parting with 300k in order to lay my hands on it. The owu wey de blow me now no get joy.

Bantu10:
Kinglee007 the only way u can is to forge a death certificate and present it to ur pension administrator. They will pay u all money accrued to you

death certificate and LoA will be verified before payment

ifeanyija:
death certificate and LoA will be verified before payment

How do u think they verify it?? I have someone who perfected that act and got all his payout. He's in Canada now

If it's possible someone should please tell us how it's done because me I still dey do NYSC, as in I never get job, but I seriously need my retirement money now make I chop

truthsayer009:


I have been trying to access 25% of mine over a month now, they say they are doing capturing. They want to make me forfeit the money.

God will punish Nigerians honestly.

Not Possible....Relax, getting the 25% is easy.

but don't go after that remaining 75%...leave am for old age....