The Nationwide Pension Fee (PenCom) has revealed that it had developed an internet enrollment utility for the registration, verification and enrollment of potential retirees.
This on-line verification platform turned obligatory because of the challenges encountered within the bodily annual verification and enrollment train because of the coronavirus pandemic and the necessity to put in place security measures.
This was made recognized by PenCom’s Commissioner of Technical Division, Mr Anyim Nyerere, throughout the opening ceremony of Pension Desk Officers (PDOs) Workshop for Treasury Fund Ministries, Departments and Companies, in Abuja, in response to NAN.
What the PenCom Commissioner is saying
Nyerere mentioned that it was a longtime norm inside PenCom to conduct bodily annual retirement verification and enrollment train on the Federal Authorities workers of MDAs scheduled for retirement throughout the subsequent fiscal yr.
Nyerere mentioned that the conduct of bodily annual retirement verification and enrollment train was geared toward validating and figuring out the retirees’ accrued pension liabilities for budgetary allocation by the Federal Authorities.
He mentioned, “PenCom regrets its incapacity to conduct this bodily annual pre-retirement enrolment train because of the COVID-19 pandemic. The necessity to observe the mandatory security measures as directed by the federal government thus turns into inevitable.
“The PDOs and the general public throughout the pension trade will admire the challenges in not conducting the bodily pre-retirement enrolment train. Therefore, the fee has developed an internet enrollment utility with the capabilities to register, confirm and enroll potential retirees and supply the steerage observe accordingly which is able to assist to compute the retirees’ retirement advantages.
“This utility which will probably be hosted on the fee’s web site will allow potential retirees go browsing to register with their particulars on the Retiree Registration Module (RRM).’’
He identified that the concept behind the brand new initiative was to make sure that the train didn’t have an effect on the validation and willpower of the accrued pension liabilities of the would-be retirees for presidency budgetary functions.
He mentioned that the workshop would assist equip the PDOs with the requisite data on how the retiree registration module operates for the graceful implementation of the web enrollment utility including that every one obligatory safeguards, modalities have equally been put in place for the train.
What it’s best to know
It may be recalled that a couple of days in the past, PenCom knowledgeable all its stakeholders, notably Treasury Funded Federal Ministries, Departments and Companies that President Muhammadu Buhari had authorised PenCom’s submissions on the cost of some important elements of excellent pension liabilities of the Federal Authorities underneath the contributory pension scheme.
