‘Allow elderly to pick up pensions at banks’

National 1 minute, 17 seconds

BANDAR SERI BEGAWAN

PENSION payments for those aged 70 and above should be paid through banks to help ease older pensioners in poor health, who are currently required to collect their pensions in person each month at the Ministry of Finance, suggested State Legislative Council (LegCo) member Dato Paduka Hj Puasa Orang Kaya Seri Pahlawan Tudin yesterday.

Dato Hj Puasa said a pensioner's children could act as guarantor and banks could confirm with the ministry that the pensioner was still alive.

He also suggested opening branches or temporary centres where many pensioners reside. "Perhaps these can open for a week every month and allocate fixed dates (for the funds to be received)," he said.

Minister of Finance II Pehin Orang Kaya Laila Setia Dato Seri Setia Hj Abd Rahman Hj Ibrahim pointed out that there had been cases when recipients on behalf of pensioners had neglected to tell the authorities that the pensioner had died.

In response, the ministry offered two options, he said.

"A pensioner can nominate a recipient who must present a copy of the retirement certificate," he explained.

"The second option is that the retirement fund can be made to the bank by the government. However, the pensioner should have a guarantor because if he dies, the money should be given back," he added.

He added that the Treasury Department had set up branches at Tutong and Belait where pensioners can collect their pension, and that the ministry will monitor whether similar collection points were needed elsewhere.

The Brunei Times