The National Pension Commission (PenCom) has announced it has automated the Pre-Retirement Verification Enrolment Exercise.
This was disclosed by PenCom in an online statement published on Twitter on Friday.
The statement said that the PenCom DG, Aisha Dahir-Umar has prioritized I.T as a key enabler of service delivery in the pension sector.
What PenCom is saying
The annual enrolment exercises by the Commission are usually conducted at selected centres in the six geo-political zones of the country. Consequently, prospective retirees were required to travel to the nearest Enrolment Centre to be verified and enrolled. There is no gainsaying that the exercise was a bit cumbersome for the prospective retirees who had to bear the cost of travelling, amidst other inconveniences.
Although PenCom has been working towards automating the enrolment process for the convenience of prospective retirees, the emergence of the COVID-19 pandemic in the early 2020 provided more impetus. The Commission’s commitment to the health and wellbeing of retirees was the motivation in redoubling efforts at ensuring that the lofty goal of automating the enrolment process was attained.
The pension industry administrator stated the automated enrollment is made possible “through the design and development of an online enrolment application with the capabilities to register and enroll the prospective retirees without having to travel for the exercise”
It added that the I.T operations it has launched include the Enhanced Contributor Registration System (ECRS) for seamless RSA registrations and the Retirements Savings Accounts Transfer System for Transfer of RSAs from one PFA to another.
It also stated that transition to retirement for employees of Treasury Funded MDAs of the FG begins with the participation in the Annual Pre-Retirement Certification and Enrolment Exercise.
The Commission added that the scheme would be hosted on its website, pencom.gov.ng and has 4 modules which include;
1. Retiree Registration Module
2. Pension Fund Admin Module
3. Ministries, Department and Agencies Module
4. PenCom Module, for validation of the records submitted
In case you missed it
Recall Nairametrics reported earlier the National Pension Commission, PenCom, has already issued certificates of compliance to 207 organizations so far this year
A pension compliance certificate, PCC, is issued to any employer of labour mandated to participate in the CPS and has rightfully complied with the provisions of the PRA 2014 on pension administration of its employees.