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.
READ: PenCom deploys online enrollment, verification application for retirees
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.”
READ: PenCom seeks bonds to clear N400 billion arrears as retirees groan
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.
There are so many retirees who ended services 10 years ago but not yet received their duly earned gratuity and monthly pension.But fed.govt keeps borrowing from this pension accounts but never refunding and knowing fully well that that money belongs to people,who worked and served this country.Its. never been heard in the history of Nigeria that govt borrowed money from pension funds to solve a govt problem except in this administration.its so pitiable.