How to convert from Micro Pension to Contribution Scheme

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Step 1

Request for conversion via E-Mail or letter.

(Sample Request Letter)

Step 2

Your request will be sent to PENCOM for approval including all necessary documents (see list below).

Copy of Letter of Employment in the formal
sector
Change of employment form
Company ID Card ( if necessary)
Means of identification e.g. National ID card or
acknowledged Slips

Step 3

Fill Change of Employer form to be validated by our channels in-house.

Step 4

Once step 3 is completed, upon receiving the approval from PENCOM, your selected /requested fund structure will be set up by PAL Pensions.

Step 5 (optional)

You may be required to update the Data Recapture Documents Records for validation.

Ag. Head, Benefits Payment Department

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.”