PENSION PAYMENTS HALTED OVER EMPTY PENSION ACCOUNTS

Some pensioners under the Contributory Pension Scheme stopped earning monthly stipends some years after they retired because they exhausted the money in their Retirement Savings Accounts.

Reports reveal that the affected retirees’ accounts became empty some years after earning monthly pensions because they didn’t have enough pension savings as of the time they retired.

However, the National Pension Commission is set to re-enrol the affected pensioners whose Pension Fund Administrators delisted from the payroll for exhausting their RSA balances.

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