PenCom reviews payments as 65,419 deceased relatives claim N215.27bn - News Summed Up

PenCom reviews payments as 65,419 deceased relatives claim N215.27bn


This was as claims paid to relatives of 65,419 deceased workers rose to N215.27bn, according to latest information obtained from the commission. “Hence, the need to strengthen the death payment process. Appropriate sanction would be imposed on PFAs for violation of the procedure for death benefits payments, it stated. This amounted to a total amount of N215.27bn paid to 65,419 relatives of deceased workers. It revealed this in an earlier circular titled ‘Revised procedures on processing of death benefits’.


Source: Punch January 18, 2021 04:18 UTC



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