Upon the demise of a Retirement Savings Account (RSA) holder, the personal representative of the deceased or any other person as may be directed by a
court of competent jurisdiction will be entitled to the client’s RSA balance upon submission of a
Will admitted to Probate or Letter of Administration where the client died intestate. The employer or next-of-kin or the representative of the deceased shall formally
notify any FCMB Pensions Office of the demise of the employee/retiree.
The next-of-kin is entitled to the group life insurance benefit as mandated
by law to deceased contributors who died in active service. The group life
benefit will be paid by the employer directly to the next-of-kin.
Kindly see the lists of available forms for Death Benefits below
Bank Account Confirmation Form | Death Benefit Application Form |
Next of Kin Indemnity Form | Death Benefit Registration Form |
Death Notification Form |
Where a Retirement Savings Account holder is reported missing, the employer or Next-of-Kin (NOK) shall notify the Pension Fund Administrator after a minimum period of 12 months. The National Pension Commission would upon notification set up a Board Of Inquiry to ascertain the circumstances of the client’s disappearance. After investigations have been concluded by the Board Of Inquiry and the client is presumed dead, the personal representative(s) of the missing client or any other person as may be directed by a court of competent jurisdiction will be entitled to the client’s RSA balance upon submission of a Will admitted to Probate or Letters of Administration.
Any person or body as may be directed by a court of competent jurisdiction will be entitled to the client’s RSA balance upon submission of a Will admitted to Probate or Letters of Administration. Requirements to be fulfilled by the Next-of-Kin.