This is payment made to the beneficiary of a deceased contributor/retiree. Upon the death of a RSA holder, the beneficiary named in the Will or a letter of administration will be eligible to access the balance in the RSA.
REQUIREMENTS
For missing persons, the following are additional requirements to be submitted along with the list stated above (with the exception of death certificate):
DEATH BENEFIT PAYMENT (PUBLIC SECTOR)
This is payment made to the beneficiary of a deceased contributor/retiree. Upon the death of a RSA holder, the beneficiary named in the Will or a letter of administration will be eligible to access the balance standing in the RSA.
REQUIREMENTS
For missing persons, the following are additional requirements to be submitted along with the list stated above (with the exception of the death certificate):
Administrative fee is N80**
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Lawal Kareem Olatunde is currently the Ag. Head, Benefits Payment Department. He is a self-motivated team player with over 14 years’ experience in Benefits Administration, Operations, Contribution Processing, Account reconciliation, Customer Service, Business Development and Health Management roles.
He studied at Adekunle Ajasin University, Akungba- Akoko where he obtained a B.Sc degree in Chemistry and has a Master’s Degree in Business Administration (MBA) from Obafemi Awolowo University, Ile -Ife. He has attended various trainings and workshops including Competitive Strategy Development Programme at Lagos Business School.
Prior to joining PAL Pensions, he has worked in various capacities with Premium Pension Limited, Mega Lifesciences and Codix Pharma Limited.
Kareem is an Associate member of The Certified Pension Institute of Nigeria.”