PAYMENT OF UNCLAIMED GRATUITY/PENSION TO GOVERNMENT CHEST


F.I. 1909 relating to all government funds that are unclaimed. It requires the payment of any unclaimed government money to the period to the chest and ensure the receipt to a number for the amount so returned.

Similarly, as a measure of internal control, all funds raised to sub-treasures which is the pay points but were not claimed must be paid back to government check. 

For proper accountability of funds, certain records must be vote book (DVEA) payment register, statement of accounts, Reconciliation register, paper money register, treasury receipts.

In addition, forms of important nature are used sub as: pay roll forms payment Vouchers, all allocated funds must be the accounting officer or the chairman of the board is charged with the responsibility of supervising the funds and he can delete the responsibility to whomever he wishes. 

However, some internal control measures are introduced to minimize wastage of fund or eliminate control include the introduction of the following:

(i) Life certificates
(ii) Payment of guaranteed pension
(iii) Payment of unclaimed gratuity pension to government check.
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