NAN
The National Pension Commission (PenCom) on Wednesday directed the Pension Fund Administrators (PFAs) to investigate the death certificates presented by beneficiaries of the deceased before payment of death benefits.
The Acting Director-General of PenCom, Mrs Aisha Dahir-Umar, gave the directive in Abuja.
Dahir-Umar said that the agency had received series of complaints from retirees that some PFAs paid death benefits to their next-of-kins even while still active in service.
According to the commission, it became imperative to curb the menace and strengthened the process of payments of the death benefits.
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The pension industry regulator also mandated the PFAs to improve on internal risk control, investigate documentations submitted by beneficiaries before forwarding to the commission for approval.
“Other measures include conducting search at the…
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