Thefarmer3:


Oh, really?... So does that imply that as you're placed on batch 91, when contributions reach 91 you'll be paid, and you still have to wait for accrued rights to reach 91 too?

exactly brother. As much as the deceased was employed before 2004, definitely such civil/public servant already made some contributions prior to aforementioned year thereby entitled to Accrued rights


Contributions is only being paid first in other to cushion financial constraints faced by dependants of the deceased.

yetunsbay:
exactly brother. As much as the deceased was employed before 2004, definitely such civil/public servant already made some contributions prior to aforementioned year thereby entitled to Accrued rights


Contributions is only being paid first in other to cushion financial constraints faced by dependants of the deceased.

Oh I see...

Thanks brother

Thefarmer3:


Oh I see...

Thanks brother

you welcome

yetunsbay:
exactly brother. As much as the deceased was employed before 2004, definitely such civil/public servant already made some contributions prior to aforementioned year thereby entitled to Accrued rights


Contributions is only being paid first in other to cushion financial constraints faced by dependants of the deceased.

Are you sure about this? Because my source in Stanbic said, once contributions are paid, you still can't access the funds because they'll need to do reconciliations then pay accrued rights before you can access the funds.

livewithpurpose:


Are you sure about this? Because my source in Stanbic said, once contributions are paid, you still can't access the funds because they'll need to do reconciliations then pay accrued rights before you can access the funds.

fr Pencom

yetunsbay:
my explanation above was from Pencom staff who picked the call. I made sure he emphasized more on the last statement

Ok. Thank you

Sigma pension is among them from the point OP is trying to make

Thefarmer3:


Ermmm, I don't think the year of death really matters. It is when your application reaches PENCOM that determines the batch he'll fall under... And it's your PFA that will determine when your application reaches PENCOM...

Hello..
What batch am I likely to fall under if my application was finalised in November, 2020?

Again, the PALpension customer care told me that a certain amount would be remitted to Pencom. Is that supposed to be true?

ChemicalReaction:

Hello..
What batch am I likely to fall under if my application was finalised in November, 2020?

Again, the PALpension customer care told me that a certain amount would be remitted to Pencom. Is that supposed to be true?

Hi, we can't be sure you've been placed in a batch o. You need to confirm if your application has reached PENCOM in Abuja, if it has they'll tell you your batch.

PENCOM can be reached via 094603930.

About a certain amount being remitted to PENCOM, I've not heard that before. I wasn't told

Thefarmer3:


Hi, we can't be sure you've been placed in a batch o. You need to confirm if your application has reached PENCOM in Abuja, if it has they'll tell you your batch.

PENCOM can be reached via 094603930.

About a certain amount being remitted to PENCOM, I've not heard that before. I wasn't told

Okay.
Thank you.

Come, e be like say before I die, I go carry my lawyer go my PFA office make we sitdon reason this matter and sign agreement.

I pray make dem pay our batch before lockdown

yetunsbay:
As at 17/12/2020

Accrued Rights- 85


Contributions- 89

Its the other way round pls.
Accrued Rights:- 89
Death benefits/Contributions:- 85.

frioslegend02:


Its the other way round pls.
Accrued Rights:- 89
Death benefits/Contributions:- 85.

Thanks. Kindly educate on difference between both maybe my understanding of each is loopsided

frioslegend02:


Its the other way round pls.
Accrued Rights:- 89
Death benefits/Contributions:- 85.

Are you serious? I'm batch 90.

livewithpurpose:


Are you serious? I'm batch 90.

call Pencom today & give feedback

rofemiguwa:
Me too dy have bin collecting my pension for like 2yrs and I have only 48k in my account. WhEn dy deduct 14k every month from my salary. The annoying part is the housing scheme too. Collecting my 12.5k every month into national housing fund that no one ever has acess to


Please we need a revolution in this country

Check with your employer.
If they deduct up to 14k monthly for pension then you monthly contribution should be at least 14k+14k=28k multiplied by the number of months you have worked.
Your employer is supposed to contribute at least 50% of your monthly contribution while you contribute the other 50%.

yetunsbay:
Why can't NOK claim balance in PFA separately sef before arrival of death benefits from Pencom

Account needs to be reconciled and accrued right paid

yetunsbay:
Thanks. Kindly educate on difference between both maybe my understanding of each is loopsided

From what I understand, the retirement savings account carries contributions made by the individual and the MDAs (8% contribution by the individual and another 8% by the employer monthly?). At death, the beneficiary is expected to get Em bloc the whole sum on the RSA. The amount entails;
1. Accrued rights, which are contributions before June 2004, the government usually make provision in her budget every year and are remitted to the RSA.
2. Contributions, I already explained these above. Monthly remittance by the RSA holder and his/her employer. Usually the standing balance on the RSA at death.
3. Death benefit. This is also known as the group life, which is 3 times the total annual emoluments of the deceased person and they are by law paid into the RSA.
I stand to be corrected.

frioslegend02:


From what I understand, the retirement savings account carries contributions made by the individual and the MDAs (8% contribution by the individual and another 8% by the employer monthly?). At death, the beneficiary is expected to get Em bloc the whole sum on the RSA. The amount entails;
1. Accrued rights, which are contributions before June 2004, the government usually make provision in her budget every year and are remitted to the RSA.
2. Contributions, I already explained these above. Monthly remittance by the RSA holder and his/her employer. Usually the standing balance on the RSA at death.
3. Death benefit. This is also known as the group life, which is 3 times the total annual emoluments of the deceased person and they are by law paid into the RSA.
I stand to be corrected.

Thank you

frioslegend02:


From what I understand, the retirement savings account carries contributions made by the individual and the MDAs (8% contribution by the individual and another 8% by the employer monthly?). At death, the beneficiary is expected to get Em bloc the whole sum on the RSA. The amount entails;
1. Accrued rights, which are contributions before June 2004, the government usually make provision in her budget every year and are remitted to the RSA.
2. Contributions, I already explained these above. Monthly remittance by the RSA holder and his/her employer. Usually the standing balance on the RSA at death.
3. Death benefit. This is also known as the group life, which is 3 times the total annual emoluments of the deceased person and they are by law paid into the RSA.
I stand to be corrected.

I believe this changed because we've been paid the group life insurance for my father who died in service. What we are waiting for now is the Accrued rights.

livewithpurpose:


I believe this changed because we've been paid the group life insurance for my father who died in service. What we are waiting for now is the Accrued rights.

Smiles. Group life insurance is entirely different from above explanations

yetunsbay:
Smiles. Group life insurance is entirely different from above explanations

But look at what he said in No 3, he described Death benefits as Group life

Thefarmer3:


But look at what he said in No 3, he described Death benefits as Group life

As far as I know Group life isn't death benefits

frioslegend02:


From what I understand, the retirement savings account carries contributions made by the individual and the MDAs (8% contribution by the individual and another 8% by the employer monthly?). At death, the beneficiary is expected to get Em bloc the whole sum on the RSA. The amount entails;
1. Accrued rights, which are contributions before June 2004, the government usually make provision in her budget every year and are remitted to the RSA.
2. Contributions, I already explained these above. Monthly remittance by the RSA holder and his/her employer. Usually the standing balance on the RSA at death.
3. Death benefit. This is also known as the group life, which is 3 times the total annual emoluments of the deceased person and they are by law paid into the RSA.
I stand to be corrected.

You are very knowledgeable about this. Please my Dad retired 2017 with a state government but he has not gotten anything, is there anything that can be done to fast track his benefits?
Please help me house

livewithpurpose:


I believe this changed because we've been paid the group life insurance for my father who died in service. What we are waiting for now is the Accrued rights.

is this group life insurance applicable to State government retired staff?

Leezah:
is this group life insurance applicable to State government retired staff?

Group life is only meant for Govt employees who died in active service. It's an insurance cover

Leezah:
You are very knowledgeable about this. Please my Dad retired 2017 with a state government but he has not gotten anything, is there anything that can be done to fast track his benefits?
Please help me house

talk with his PFA and follow up

I believe this is for those that worked under the Federal government. Please I need clarification concerning those that worked for the state government. How can we get the death benefits? My mum died since 2010 and we have processed all documents but still we haven't received her death benefits. or what am I missing? any advice or clarification?

God helps

yetunsbay:
Group life is only meant for Govt employees who died in active service. It's an insurance cover

By govt employees, do you mean both federal and state govts?

ChemicalReaction:
By govt employees, do you mean both federal and state govts?

Very sure and conversant with FG only.

Can 9ja State Govt really Insure her employees. Uhmmmm