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Pension scheme records 62,596 deaths, relatives paid N205 12bn
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The National Pension Commission has faulted states and some private companies for not funding 3.5 million pension accounts opened by their workers as of the end of 2020.
The implication of this default is that the workers under this category would retire without having any pension to depend on in their vulnerable old age.
Figures obtained from the commission on Monday on its review of monthly report of unfunded Retirement Savings Accounts showed the status of the unfunded pension accounts as of the end of 2020.
Total workers under the Contributory Pension Scheme stood at 9.2 million as of the end of 2020 according to the commission.
PTAD postpones resumption of walk-in verification for pensioners
Okechukwu Nnodim, Abuja
The Pension Transitional Arrangement Directorate has postponed the January 19, 2021 resumption date for walk-in verification for pensioners at its offices nationwide.
It announced the postponement on Friday but gave no new date for the resumption of walk-in verification, adding that the decision was to curb the spread of COVID-19.
The agency disclosed this in a statement issued in Abuja by its spokesperson, Olugbenga Ajayi, and signed by the management of PTAD.
It said, “PTAD hereby informs the general public that the proposed resumption of the walk-in verification of pensioners at its headquarters and state liaison offices for all pensioners under the Defined Benefit Scheme earlier scheduled for January 19, 2021 has been postponed till further notice.
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