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Workers And Retirees Now Fake Deaths To Access Pension Benefits – PenCom

Workers And Retirees Now Fake Deaths To Access Pension Benefits - PenCom
National Pension Commission (PenCom) has revealed that some workers and retirees are now conniving with their family members to fake their deaths in order to access benefits accruing to deceased persons.

Gatekeepers News reports that the Head, Benefits and Insurance Department, PenCom Obiora Ibeziako who disclosed this, noted that more stringent measures have been put in place by the Commission to halt such plots.

“We have seen people fake their own deaths; we have seen spouses fake the deaths of their partners when the Pension Fund Administrators (PFAs) start the due process,” he said.

According to Ibeziako, the PenCom has asked banks to close accounts of workers and retirees that are reported dead as a means of verifying death claims.

“Nigerians have been dying and resurrecting. If you send us a notification that you are dead, we will make sure that your bank blocks your account also.

“In fact, in a particular case, they were processing a man’s death benefit and he walked in and everybody picked up. The wife had actually procured obituary announcement, everything that required to be done without the man knowing.

“The Commission has received series of complaints from retirees, who alleged that their PFAs have wrongfully paid their benefits to their next of kins or legal beneficiaries, while they are still alive and in active service without their consent.

“There was a particular case, we called the man and he said yes, he arranged his death that he needed the money.

“Following these complaints and reports by the PFAs, it has become imperative to issue additional measures to curb these complaints and strengthen the processes and practices of processing and payment of death benefits,” he said.

Ibeziako said the PFAs must seek the Commission’s approval to get the legal beneficiaries and the available balance in the deceased RSA account.

“For any deceased RSA account, the PFA must send the request to the commission for approval.”

The Commission also order PFAs to contact employers of deceased workers to verify claims of death before payment.

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