• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Fixed Income Funds Management

Pension: PenCom automates pre-retirement verification and enrolment exercise

William Ukpe by William Ukpe
January 15, 2022
in Funds Management
How negative performance in the capital market affected PFAs in 2019
Share on FacebookShare on TwitterShare on Linkedin

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.

RelatedStories

Lawyers suggest new Pencom DG does not have 15 years experience stipulated in Pension Act

Pension Fund Assets grow to N23.26 trillion as of February 2025 – PenCom 

May 12, 2025
Lawyers suggest new Pencom DG does not have 15 years experience stipulated in Pension Act

PenCom recovers N1.58 billion from defaulting employers, pushes for full CPS adoption across states 

April 23, 2025

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.

Tags: pencompre-retirement verification and enrolment exercise
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

Lawyers suggest new Pencom DG does not have 15 years experience stipulated in Pension Act
Fixed Income

Pension Fund Assets grow to N23.26 trillion as of February 2025 – PenCom 

May 12, 2025
Lawyers suggest new Pencom DG does not have 15 years experience stipulated in Pension Act
Economy

PenCom recovers N1.58 billion from defaulting employers, pushes for full CPS adoption across states 

April 23, 2025
Lawyers suggest new Pencom DG does not have 15 years experience stipulated in Pension Act
Fixed Income

Nigeria’s pension fund assets hit N22.86 trillion in January 2025 – PenCom 

March 30, 2025
Lawyers suggest new Pencom DG does not have 15 years experience stipulated in Pension Act
Financial Services

PenCom sets June 1 deadline for new pension remittance system 

March 28, 2025
Lawyers suggest new Pencom DG does not have 15 years experience stipulated in Pension Act
Financial Services

PenCom approves Interswitch, Awabah, 7 others as pension payment providers in Nigeria 

March 25, 2025
Lawyers suggest new Pencom DG does not have 15 years experience stipulated in Pension Act
Fixed Income

PenCom grants PFAs autonomy to approve retirement benefits, mandates two-day processing

March 15, 2025
Next Post
Real estate sector c

Real estate: Before you buy a property (part 3)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng

first bank
Zenth Bank








DUNS

Recent News

  • University Staff Union slams FG over delayed salaries, demands harmonised payment structure 
  • CWG and CAVERTON lead gainers as All-Share Index dips slightly; OANDO prints N19.8 billion trading value 
  • NRC partners five tertiary institutions to boost railway tech skills, reduce foreign training 

Follow us on social media:

Recent News

University Staff Union slams FG over delayed salaries, demands harmonised payment structure 

University Staff Union slams FG over delayed salaries, demands harmonised payment structure 

June 30, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%

CWG and CAVERTON lead gainers as All-Share Index dips slightly; OANDO prints N19.8 billion trading value 

June 30, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics