Botswana Public Officers Pension Fund (BPOPF) Chief Executive Officer has allayed fears that scores of pensioners may have lost millions of Pula due to miscalculations by the pension fund, Alexander Forbes Botswana and regulatory failure by the Non-Banking Financial Regulatory Authority (NBFIRA).
This follows an incident in which an aggrieved pensioner allegedly received a pension payout that was about half the amount indicated by the pension administrator Alexander Forbes
A document seen by Sunday Standard shows that am error occurred during the calculation of the pension benefits. A ruling by the pension’s tribunal suggests that the confusion may be due to poor communication between the pension administrator, the pension provider and the pensioner. The Sunday Standard could not establish the number of pensioners likely to be affected by the failure in communication.
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