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Home Business News

PenCom deploys online enrollment, verification application for retirees

Chike Olisah by Chike Olisah
July 6, 2021
in Business News, Funds Management
Protesters trap Finance Minister as Nigerian Airways pensioners take fight to Abuja
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The National Pension Commission (PenCom) has revealed that it had developed an online enrollment application for the registration, verification and enrollment of prospective retirees.

This online verification platform became necessary due to the challenges encountered in the physical annual verification and enrollment exercise as a result of the coronavirus pandemic and the need to put in place safety measures.

This was made known by PenCom’s Commissioner of Technical Department, Mr Anyim Nyerere, during the opening ceremony of Pension Desk Officers (PDOs) Workshop for Treasury Fund Ministries, Departments and Agencies, in Abuja, according to NAN.

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What the PenCom Commissioner is saying

Nyerere said that it was an established norm within PenCom to conduct physical annual retirement verification and enrollment exercise on the Federal Government employees of MDAs scheduled for retirement within the next fiscal year.

Nyerere said that the conduct of physical annual retirement verification and enrollment exercise was aimed at validating and determining the retirees’ accrued pension liabilities for budgetary allocation by the Federal Government.

He said, “PenCom regrets its inability to conduct this physical annual pre-retirement enrolment exercise due to the COVID-19 pandemic. The need to observe the necessary safety measures as directed by the government thus becomes inevitable.

“The PDOs and the public within the pension industry will appreciate the challenges in not conducting the physical pre-retirement enrolment exercise. Hence, the commission has developed an online enrollment application with the capabilities to register, verify and enroll prospective retirees and provide the guidance note accordingly which will help to compute the retirees’ retirement benefits.

 “This application which will be hosted on the commission’s website will enable prospective retirees log on to register with their details on the Retiree Registration Module (RRM).’’

He pointed out that the idea behind the new initiative was to ensure that the exercise did not affect the validation and determination of the accrued pension liabilities of the would-be retirees for government budgetary purposes.

He said that the workshop would help equip the PDOs with the requisite knowledge on how the retiree registration module operates for the smooth implementation of the online enrollment application adding that all necessary safeguards, modalities have equally been put in place for the exercise.

What you should know

It can be recalled that a few days ago, PenCom informed all its stakeholders, particularly Treasury Funded Federal Ministries, Departments and Agencies that President Muhammadu Buhari had approved PenCom’s submissions on the payment of some critical aspects of outstanding pension liabilities of the Federal Government under the contributory pension scheme.


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Tags: National Pension Commissionpencom
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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Comments 13

  1. Anonymous says:
    July 6, 2021 at 10:44 am

    I commend Pencom for this initiative.

    Reply
  2. Sulaima ahmad says:
    July 6, 2021 at 6:25 pm

    Am business man please help

    Reply
  3. Luro Sunday says:
    July 6, 2021 at 10:39 pm

    Where is the page for verification

    Reply
  4. OKENYI Yusuff Osizimete says:
    July 8, 2021 at 11:05 am

    I commend PENCOM for this new initiative, but my complaint is that I retired in the Month of February, 2019 and up till date I have not been paid my Gratuity, each time I visit the NPF PENSION OFFICE, I will be told that my ACCRUED RIGHT has not been forwarded by PENCOM. So I don’t know what the problem is. Thanks.

    Reply
    • oguntuga folake says:
      July 9, 2021 at 4:06 pm

      When did you do your verification,nevertheless this is my phone number for more clearity 08100357906

      Reply
  5. Chinyere V Nzeduru says:
    July 9, 2021 at 5:29 am

    When us the verification exercise commencing? I retired since January 2021 and have been asking for this exercise since last year.

    Reply
  6. oluyemi coker says:
    July 10, 2021 at 10:28 am

    @Mrs chinyere, kindly contact me via email address oluyemicoker101@gmail.com or hotline line 08160735494

    Reply
  7. coker says:
    July 10, 2021 at 10:32 am

    @mr okenyi ,kindly write pencom or visit pencom office in your location, or call 08160735494

    Reply
  8. Itoje isaac says:
    July 10, 2021 at 11:39 am

    I don’t know why Ibtc pension always reduces our lump sum to 25% whenever we ask for annuity and give 50% when we agreed to do programme withdrawal.
    Please explain to me pencom.

    Reply
    • Marian says:
      July 19, 2021 at 6:26 am

      That is ibtc way oooo.. is an act of jealousy. Pencom will soon look into this case.

      Reply
  9. Avhurhi Peter Ogheneochuko says:
    July 10, 2021 at 6:48 pm

    When will the platform take off? I retired from Service March, 2021. Is quite pitiable and unreasonable for some person to think that those who retired from Service already have huge funds to play with hence all these delays in the verification exercise. Delay in payment of retirement benefits by now should be thing of the past if we actually care for Retirees.

    Reply
    • coker says:
      July 23, 2021 at 8:47 am

      Kindly send mail to oluyemicoker101@gmail.com or alonge2030@gmail.com for more information on verification

      Reply
  10. Bassey says:
    August 5, 2021 at 9:01 am

    I hope this exercise include npa cos am yet to hear anything from the office

    Reply

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