The acting director general of the National Pension Commission, Ms. Aisha Dahir-Umar has said the commission will creates across Nigeria to for the verification of intending retirees in the federal service.
Speaking at the pre-retirement seminar in Lagos for Federal Government workers due to retire in 2019 under the Contributory Pension Scheme, Dahir-Umar said the impending exercise is part of PENCOM’s annual regulatory activities necessitated by need to undertake adequate sensitisation and public enlightenment in order to prepare prospective retirees for the steps to take towards a hitch-free retirement life.
“As part of our annual regulatory activities, the commission has finalised arrangements to commence the verification of prospective retirees, who will be retiring in year 2019 from the public service. The verification exercise is scheduled to be undertaken from June 25 to August 17, 2018 in 15 centres across the country,” she said.
She added that the commission decided to enlighten them on the enrollment exercise and documentation requirements, accessing retirement and terminal benefits under the CPS and life after retirement.
“It is our hope that the workshop will educate participants on what they need to know on documentation requirements, payment of retirement benefits and life after retirement,” she said.
Commenting on the workshop, Dahir-Umar said “it is tailored towards addressing the challenges that prospective retirees may face when they retire under the contributory pension scheme.”
She said one of the salient objectives of the Pension Reform Act, 2014 is to make pension administration transparent and seamless.
She disclosed that PENCOM had established uniform set of rules, regulations and standards for all aspects of pension administration, including payment of retirement benefits to retirees.
“This was achieved in the case of the latter, through issuance of the regulation on administration of retirement and terminal benefits; regulation on retirement life annuity; the frameworks on pension enhancement and programmed withdrawals; and the circular on voluntary contributions, among others,” she added.
