How to access your benefits

 

Dear Valued Customer,

Premium Pension Limited (PPL), your chosen PFA would like to acquaint you with our retirement benefit processing procedure as part of our customer relationship management and pension advisory services.

Similarly, employees from the private sector who are entitled to accrued benefits from old pension arrangements up to June 2004 would have their entitlements transferred by employers into the Retirement Savings Account for administration in accordance to sections 3 and 4 of the Pension Reform Act 2004.

A checklist of required documents to be submitted is stated below. These are in addition to a formal letter of notification to Premium Pension Limited, in respect of your exit from service.


Relevant documents in case of Voluntary/Normal Retirement include

  • Letter of application for retirement in previous employment
  • Letter of approval from employer granting retirement
  • Copy of enrollment letter from Premium Pension Limited
  • Salary pay slip (showing Salary Grade Level/Step) at the period of exit
  • Copy of birth certificate/sworn declaration of age
  • Certified copy of retirement bond (to be submitted at exit)
  • A letter from your bank confirming ownership of Account Number and branch for the purpose of remitting your benefit
  • Your choice of benefit; either monthly or quarterly Programmed Withdrawal
  • Confirmation of next-of-kin
  • Two copies of executed Programmed Withdrawal Agreement
  • Original copy of executed Retiree Indemnity Form (Public Sector retirees only)
  • Completed Standard Notice of Retirement Form

 

Relevant documents in case of Death

  • Completed Death Notification form, signed and stamped at the column marked ‘MDA’ (to be completed by Deceased Employer)
  • Copy of enrollment letter from Premium Pension Limited
  • List of documents itemized on the Death Notification form
  • Certified true copy of Letter of Administration or Will from a Notary Public or a Probate Registry
  • A letter from next of kin’s bank confirming ownership of Account Number and branch for the purpose of remitting the benefit
  • Completed Dead/Missing Person Report Form
  • Salary Grade Level and Step of the deceased as at 30th June 2004

 

 Relevant documents in case of Missing Person

  • Next-of-kin/employer should write notification letter to Premium Pension Limited after 12 months following disappearance of the missing person
  • Next-of-kin should provide satisfactory means of identification such as current Driver’s License, International Traveling Passport, National Identity Card or letter of confirmation from his/her bank
  • Where the next-of-kin cannot provide any means of identification as stated above, he/she shall be identified by a 3rd party who would in addition provide satisfactory means of identification as stated above
  • A Police report confirming the missing person
  • A letter from next-of-kin’s bank confirming ownership of Account Number and branch for the purpose of remitting the benefit
  • Salary Grade Level and Step of the missing person as at 30th June 2004

 

Relevant documents in case of Ill – health/Disability

  • Copy of Medical Certificate issued by a properly constituted Medical Board or a suitably qualified physician
  • Copy of letter of notification of retirement issued by the employer also authenticating the medical certificate
  • Copy of enrollment letter from Premium Pension Limited
  • Copy of birth certificate/sworn declaration of age
  • A letter from your bank confirming ownership of Account Number and branch for the purpose of remitting your benefit
  • Copy of salary pay slip

 

Relevant documents in case of Transfer Benefit

  • Completed transfer form
  • Copy of enrollment letter from previous PFA
  • Copy of birth certificate/sworn declaration of age
  • Current salary pay slip

 

Relevant documents in case of Restructuring/Disengagement/Right-sizing Institution employees

  • Copy of letter of Disengagement/Restructuring/Right-sizing from the Employer
  • Copy of enrolment letter from Premium Pension Limited
  • Copy of birth certificate/sworn declaration of age
  • A letter from your bank confirming ownership of Account Number and branch for the purpose of remitting your benefit
  • Copy of salary pay slip

 

General Notes

Please always come along with original copies of these documents for sighting so that the photocopies can be admitted.

For normal retiring employees about to attain the stipulated mandatory age of 60 or 35 years of meritorious service, please visit the National Pension Commission at Plot 174, Adetokunbo Ademola Crescent, Wuse II, Abuja to register for the Federal Government Retirement Bond three months to the date of retirement.

For further information on benefit, please call 09-4615700 or email info@premiumpension.com.  Or visit any of our Pension Service Centres at First Bank of Nigeria, Main Branch.

We thank you for your patronage and we wish you happy retirement life.

 

Signed
Management, Premium Pension Limited (PPL)



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