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

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now