The National Pension Commission (PenCom) has unveiled plans to commence the pilot phase of its online pre-retirement verification and enrolment exercise for retirees in government ministries, departments and agencies (MDAs) effective from August this year.
The commission gave this hint during its two-day workshop for journalists, titled “Positioning the Pension Industry in a Post-COVID era, held in Lagos.
It explained that it recently developed an online application which has the capability to register, verify and enrol prospective retirees of treasury-funded Federal Government’s MDAs for the purpose of computing their accrued pension rights and budgetary allocation.
The commission clarified: “As a prelude to the formal deployment of the online Enrolment Application, PenCom would commence a Pilot Run of the exercise from 2nd to 20th August 2021 with selected MDAs in the six Geo-Political Zones and the Federal Capital Territory (FCT) in order to test-run the application with real-time data.
“Accordingly, the online Enrolment Application would be hosted on PenCom website: www.pension.gov.ng.
“The application would GO-LIVE after the conclusion of the pilot run on a date to be announced by PenCom in due course”, it added.
PenCom advised prospective retirees to undergo the data recapturing exercise with their respective pension fund administrators (PFAs) as it is a prerequisite for the online enrolment.
Giving further insights into the achievements recorded in the retirement savings account (RSA) transfer system since it commenced, the commission’s Assistant General Manager, National Databank Management Department, Mrs. Maryam Bello, said since the commencement of the RSA transfer system, 25,645 workers had been transferred with a total value of N102.59 billion to other PFAs.
She explained that 2,799, 12,681 and 10,165 workers transferred N18.90 billion, N47.78 billion and N35.91 billion in the fourth quarter (Q4) of 2020, Q1 2021 and Q2 2021 respectively.