Spain’s cash-strapped pensions system paid out €300million to dead citizens in one year

‘It turns out Spain does not always stop paying pensions to people who died and might spend as much as €300mn taxpayers’ money a year this way. An audit has found “holes and deficiencies” in the way authorities keep track of people’s deaths.
A report issued by Spain’s Audit Office revealed that almost 30,000 people whose deaths have officially been registered were still included on the receipt of a pension last year, Spanish media said.
“There was a total of 29,321 retirees receiving pensions amounting to €25.3 million per month whose names were included in the National Statistics Institute’s (INE) register of deaths,” the Audit Office said according to El Pais. As many as 95 percent of these names were found on the list of people receiving a pension in October 2015, the report said.’
Read more: Spain’s cash-strapped pensions system paid out €300million to dead citizens in one year