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Top 10 Things You Need To Know About Pension In Nigeria 

Posted by: Lolade in Breaking News Comments Off on Top 10 Things You Need To Know About Pension In Nigeria 

5. How soon can you start getting your pension after you retire?

The process of documentation actually starts six months before you retire. For FG employees they have to go for the Bond verification exercise organised by PENCOM. This exercise basically is to enable PENCOM consolidate their account and ensure their accrued rights are paid immediately they retire. For Private sector employees, your PFA has to confirm that all contributions due to you have been made. This process is called ‘consolidation of account’. After this is done, the process of actual payment should take about 3 weeks.

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