PenCom Goes Digital On Pre-Retirement Verification Exercise

August 3, 2021
PENCOM
PENCOM

PENSION Commission has introduced digital technology into the conduct of annual pre-retirement verification and enrollment exercise.

The Commission has created an online program that will automate the process of annual verification for retirees.

Join our WhatsApp Channel

As a precursor to the deployment of the online enrollment program, a pilot will run from August 2 to August 20, 2021, with chosen ministries, departments, and agencies from the six geopolitical zones and the FCT.

Following the successful run of the pilot phase of the program, the application would “GO-LIVE”, on a date that PenCom would disclose in due time.

According to PenCom, “Pre-Requisite for Enrolment; affected retirees/prospective retirees are required to undergo the data recapturing exercise with their respective Pension Fund Administrators (PFAs) as this is a pre-requisite for the online Enrolment.

This entails updating their personal details and providing their National Identification Number (NIN). However, retirees/prospective retirees who have already undergone the data recapture exercise with their PFAs are not required to repeat the exercise.”

The automation of this procedure would increase efficiency and alleviate bottlenecks encountered in the traditional Verification and Enrolment process.

 

+ posts

Featured Stories

Latest from Finance & Economy

Minister Urges SEC to Tighten Cryptocurrency Oversight, Ensure Market Integrity

FG Assesses Impact of Middle East Tensions on Nigeria’s Economy

The Federal Government says it is closely monitoring escalating geopolitical tensions in the Middle East involving the United States, Israel and Iran, as part of efforts to safeguard Nigeria’s economic stability. In a statement issued on Wednesday by the Federal Ministry of
Blessing Oborududu
Previous Story

Tokyo Olympics: Oborududu Wins Silver Medal For Nigeria In Wrestling

images 58
Next Story

IMF Board Endorses Raise In Lending Capacity By $650bn

Don't Miss

Court Orders Mohbad’s Wife To Run DNA On Their Son

‘My Son’s Wife, Femi Falana Want To Kill Me’ – Mohbad’s Father

Mohbad’s father, Joseph Ayoba,  has come forward with allegations that
Fuel Scarcity Looms In South-East, South-South, Others As IPMAN Threatens To Stop Supply

Adulterated Petrol: 100 Million Litres Affected, Say Marketers

Emerging reports claimed that oil marketers estimated that about 100