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Pension payroll audit uncovers K388 million

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The government has warned that it will delete from the pensions roll, names of pensioners who would not avail themselves for verification by June 30, 2020.

Treasury has since also said that the government will be saving over K388 million a month from the pensions roll, thanks to a physical verification exercise completed recently.

In an interview, Treasury spokesperson, Williams Banda, said 4,024 pensioners did not avail themselves during the exercise of which, the government was spending K415 million on, per month.

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He however, said some of the pensioners who missed the exercise have been forthcoming especially those in the diaspora, hence reducing the amount to K388 million.

“The figure for those who did not avail themselves might reduce because it could be that they are in the diaspora. Others could be sick, and some might have died and relatives don’t know what to do. But we have established a portal on our website for biometric verification for those in the diaspora,” Banda said.

A statement issued by Treasury recently indicated that the Government Pension Payroll contains 37,984 pensioners, of which 33,960 pensioners were physically verified.

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Economics lecturer at the Catholic University, Frank Kamanga, described the audit as an economic innovation which must be embraced in the government systems.

“I believe there are similar economic and innovative measures that the government can undertake to save more funds in case of economic slowdown. We must also remember that the private sector which plays a crucial role in national development is in dire need of government bailouts,” Kamanga said.

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