PenCom extends pre-retirement verification of FG treasury-funded MDA employees to Q1 2021

PenCom has extended the pre-retirement verification and enrolment for the employees of FG treasury funded MDAs.

By Chidi Emenike

The National Pension Commission (PenCom) has extended the pre-retirement verification and enrolment for the employees of FG treasury funded MDAs due for retirement between January and December 2021 to the first quarter of 2021 (Q1 2021).

This is according to a notice tagged “National Pension Commission Notice on the Pre-retirement verification and enrolment of employees of the federal government treasury funded ministries, departments and agencies (MDAs), due for retirement between January and December 2021,’’ uploaded by Pension Nigeria, and seen by Nairametrics.

According to the notice, the exercise which ought to have been completed in 2020 was moved to the first quarter of 2021 due to the impact of the COVID-19 Pandemic.

In a bid to ensure smooth implementation next year, Nairametrics gathered that the PenCom had finalized plans to put an automated process in place that would ensure seamless conduct of the annual verification/enrolment exercise. This new process has two options for the prospective retirees – Self-assisted or the Pension Fund Administrator (PFA) assisted option.

The Self-assisted option requires the prospective retiree to scan and upload all relevant documents himself, and subsequently visit his/her PFA for the verification and validation of documents. On the other hand, the PFA assisted option requires the prospective retiree to visit his/her PFA to complete the process on his/her behalf.

What they are saying

Excerpts of the notice uploaded by Pension Nigeria reads:

• “This is to inform employees of Treasury Funded MDAs of the Federal Government that are due to retire from service between January and December 2021, that the National Pension Commission (PenCom) is unable to conduct the annual physical/verification/enrolment exercise this year due to the coronavirus pandemic (COVID-19). The commission assures prospective retirees and public of its commitment to excellent service delivery.”

What you should know

• Based on antecedents, Nairametrics understands that the pre-retirement verification and enrolment exercise for a new year usually holds between June to August in the preceding year, as proven in the last two exercises.
• Details of the 2020 rescheduled exercise will be published on national dailies and on PenCom’s website on or before 31 March, 2021.