A total of 42,851 relatives of deceased workers
under the Contributory Pension Scheme have been paid pension and insurance
benefits from the commencement of the CPS till September 2017.
Figures obtained by our correspondent from the
National Pension Commission on approval of death benefits revealed that the
deceased workers were from the private, state and federal sectors.
According to the figures, between July and
September 2017, the Pension Fund Administrators and life insurance companies
paid out N8.2bn benefits.
PenCom stated in the report, “The commission
approved the payment of N8.2bn as death benefits to the beneficiaries of the
2,391 deceased employees during the quarter under review.
“This figure moved the cumulative payments to a
total of N129.7bn as death benefits (including life insurance) of 42,851
deceased employees from both the private and public sector (FGN and states) of
the economy at the end of the third quarter, 2017.”
Lagos State, which has the highest complaints in
the implementation of the CPS, also said it recently paid claims to relatives
of 32 deceased workers under the Group Life Assurance Policy of Lagos State
through LASACO Assurance Plc.
The Lagos State Head of Service, Mrs. Folashade
Adesoye, during the presentation of the cheques to the beneficiaries of the
deceased workers in Lagos, said the insurance welfare package was part of the
staff welfare programme provided by the state government for Lagos State public
service workers.
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