National Pension Commission (PenCom), has created an online program that will automate the Annual Pre-Retirement Verification and Enrolment exercise. Prospective retirees of Treasury-funded Federal Government MDAs can register, verify, and enrol in the application.
This is according to a circular titled “AUTOMATION OF ANNUAL PRE-RETIREMENT VERIFICATION AND ENROLMENT EXERCISE FOR RETIREES/PROSPECTIVE RETIREES OF FEDERAL GOVERNMENT TREASURY-FUNDED MINISTRIES, DEPARTMENTS AND AGENCIES (MDAs)”.
The PenCom website www.pencom.gov.ng will host the online Enrolment Application.
The Commission will conduct a pilot run of the online enrolment program from August 2 to August 20, 2021, with chosen MDAs in the six geopolitical zones and the Federal Capital Territory (FCT) to test-run the application with real-time data as a precursor to its full deployment.
The application would “GO-LIVE” following the successful pilot run, 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.”
What this means
- Prospective retirees of Treasury-funded Federal Government MDAs can register, verify, and enrol in the application after the pilot program slated to run from August 2 to August 20, is successful.
- The automation of this procedure would increase efficiency and alleviate bottlenecks encountered in the traditional Verification and Enrolment process.
- However, the topic of how Prospective retirees/retirees would be instructed on how to use the new channel remains unanswered.