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DERIVATIVE PENSION SYSTEM (SPT)

Derivative Pension System 
The facilities of Derivative Pension System are as follows:
  • Effectively and efficiently process death benefit for dependants of the deceased that is the pensioner or government officer..
  • Shorten the work process as those related to SPPP have been completed through that system and SPT only focuses on death benefits which have to be divided/shared amongst the dependants. 
  • Enable automatic calculation of death benefits and the division of shares amongst the dependants. 
  • Enable net derivative gratuity and derivative pension with the consideration of government debts and monthly deductions for the dependants who agree to the deductions of debts/loans of the deceased be made from them. 
  • Enable the tracking of the status of processing a death benefits through the system application 
  • Facilitate the work processes with the existence of workflow.
  • Enable exact and speedier death benefits payment be made
  • Imaging of documents help to expedite approval of disabled child as information entered is minimised.