19th July, 2010
The Lagos State Pension Commission (LASPEC) has emphasised the importance of writing will to workers in the public and private sectors as a way of preparing for the administration of their estates after death.
Mr. Adekunle Hussein, Director-General of the commission, gave this advice at a one-day sensitisation workshop on the new contributory pension scheme organised for parastatals in the public service of Lagos State and government-owned companies.
Mr. Hussein condemned the negative impression people have about writing Will, saying a will does not connote a wish for untimely death as erroneously believed in some quarters but is an essential document which allows beneficiaries to have unfettered access to the estates of their loved ones.
He added that it would save the next of kin the stress and controversies that could otherwise create difficulties for them in having easy access to the proceeds of their benefactorâ€™s Retirement Saving Account, RSA.
He stressed further that if a person dies interstate, the beneficiaries/next of kin would not be able to access the RSA balance until and unless they provide a letter of administration obtained from the probate registry of a law court.
According to him, obtaining the letter of administration is a herculean task, and considering the length of time, processes and finances involved, it is advisable that every worker be proactive so that their dependents do not suffer in the event of an unexpected death.
The LASPEC boss also advised workers to immediately seek legal opinion on the issue of Will writing. Hussein advised further that workers should make sure that the next of kin listed in their respective record of service correspond with the one issued with their Pension Fund Administrator, PFA.
He noted that a situation where a worker gives different individuals as his/her next of kin without giving adequate notification or making necessary amendments to records with the appropriate