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Pension: Families of 50,811 deceased workers get N156bn claims

Since the inception of the Contributory Pension Scheme, relatives of 50,811 dead workers have been paid claims totalling N156.12bn as of the end of June 2018, The PUNCH has learnt.

The figures obtained from the National Pension Commission on Wednesday revealed that the claims were paid by the Pension Funds Administrators and the insurance companies to the beneficiaries.

While the figure was not the actual number of deaths reported, it was discovered that many other applications were pending.

From the figure, 35,923 of the dead workers were Federal Government employees, 3,955 were from the state governments while 10,933 were from the private sector.

The PUNCH, January 3, 2019

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