No ghost pensioners at NBP
KARACHI: National Bank of Pakistan pensioners have decreased to 1.629 million by 2015 from 2.1 million prior to 2012 with no ghost pensioners, official statement said.
NBP initiated automation of its pension system in 2012 and adopted/ introduced new procedure for processing pension payments of the pensioners as per bank system requirement. NBP while disbursing the pensions to pensioners throughout the period have disbursed pensions only to verified pensioners. The reduction of pensioners serviced by NBP could be attributed to change brought about by the Supreme Court ruling in 2013 which authorized to pay pensions through other commercial banks. As such, during conversion over the period, the no. of pensioners reduced and reasons could be multiple, including: same pensioner moving to other commercial banks or pensioners who could not fulfill the standardization requirements that NBP had put in place to identify pensioners.
The reason of decline in numbers were also as pensioners whose pensions may been stopped by their respective organizations; and pensioners who may have opted for other institutions including post offices or district treasury offices. Overall, this lead to reduction in the number of pensioners over the period from 2.1 million plus in 2012, to 1.43 million in 2014.