Share Your Experience On Accessing 25% Of Your Pension Contribution - Career - Nairaland
Nairaland Forum / Nairaland / General / Career / Share Your Experience On Accessing 25% Of Your Pension Contribution (1219 Views)
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| Share Your Experience On Accessing 25% Of Your Pension Contribution by olu77emi: 8:04am On Aug 25, 2015 |
Hello Forum, Please share your experience on Accessing 25% of your Pension Contribution, According to 2014 Pension Reform ACT - Compulsory Retirement: This occurs when an employee voluntarily retires, disengages or is disengaged from active service before attaining the age of 50 or upon completion of the length of service based on the terms of his/her employment. Benefits Accessible: This category of retiree can only access up to 25% of the balance in their RSA 4 months after disengagement; the remaining balance can only be accessed after the retiree attains 50 years of age through a lump sum and programmed withdrawal or annuity. Requirements to be fulfilled by the RSA Holder: A RSA holder who retires compulsorily before the age of 50 years and wishes to apply for 25% of his RSA balance |
| Re: Share Your Experience On Accessing 25% Of Your Pension Contribution by onitaja(m): 8:31am On Aug 25, 2015 |
It was very fast with IBTC Pension fund managers. Just submit the required documents and thats it. They send you alerts on the progress of the transaction and in two weeks you recieve the alert. Impressive. 1 Like |
| Re: Share Your Experience On Accessing 25% Of Your Pension Contribution by Nadingo: 9:20am On Nov 03, 2022 |
My application with Stanbic IBTC Pensions went smoothly. I did my data recapture on the 19th of October at their office in Bauchi and applied for 25% benefits same day. I was called to bring declaration of age on 20th october. I just got my alert today, 3rd November, 2022 at exactly 8:55am. Everything took 2weeks. Application: 19th Oct 2022. Sent to Pencom: 25th Oct 2022 Pencom approval: 1st November 2022 Credit Alert: 3rd November 2022 |
| Re: Share Your Experience On Accessing 25% Of Your Pension Contribution by RepoMan007: 9:09pm On Nov 03, 2022 |
Sound too good. Those people want your money to stay.longer with them and yield profit. |
| Re: Share Your Experience On Accessing 25% Of Your Pension Contribution by Selflessman(m): 11:47am On Aug 07 |
I use Leadway and started my application in May. We are now in August and I’m yet to receive my money. According to Leadway Mobile App and customer care, the application has been pending PenCom approval since June. PenCom website says approval takes not more than 5 working days, but despite several follow up with Leadway and PenCom, they are yet to credit me for no reason whatsoever! A PONZI SCHEME rebranded pension scheme  1 Like |
| Re: Share Your Experience On Accessing 25% Of Your Pension Contribution by Pojomojo: 6:15pm On Aug 07 |
The bolded is the worst PFA in Nigeria, kindly port during the transfer season. Selflessman: |
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