The National Pension Commission has said it released N2 . 58 bn for payment of pension benefits of deceased workers under the Contributory Pension Scheme between April and June 2020 .
It disclosed this in its report on the second quarter of 2020 .
The report said the beneficiaries included 288 from the Federal Government sector, 135 from State Government sector and 168 from the private sector , making a total of 591 relatives .
Part of the report read , “ The commission approved the payment of N2 . 58 bn as death benefits to the beneficiaries of the 591 deceased employees during the quarter under review .”
PenCom also said that during the quarter under review , the Pension Fund Administrators recaptured 56 , 990 Retirement Savings Account holders and uploaded their data on the Enhanced Contributory Registration System .
It stated that the Enhanced Contributor Registration System , which was deployed in June 2019 , had provided a platform for addressing various issues identified with the Contributor Registration System .
It said the PFAs under the assistance of Pension Operators Association had commenced the implementation of a shared service approach in order to speed up the data recapture exercise .
The commission said it generated a total number of 190 employer codes in the period under review using the ECRS .