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PenCom Goes Digital On Pre-Retirement Verification Exercise

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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.

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.

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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.

 

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