In Kubwa: PenCom warns PFAs about death benefit payments

The National Pension Commission (PenCom) issues warning on Pension Fund Administrators (PFAs) that violates the procedures on death benefit payments, threatens to punish the PFAs that paid death benefit payments without following due process.

The commission has stopped the Operators from paying more inflows into deceased employees’ Retirment Savings Account (RSA), advising them to get approval after initial approvals had been given.