No ghost pen­sion­ers at NBP

The Pak Banker - - FRONT PAGE -

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.

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