- PenCom Begins Verification of Intending FG Retirees
The National Pension Commission on Wednesday said it had commenced the final verification of prospective retirees from the public service.
The exercise, according to the commission, will be held in 15 centres across the country and is expected to end on August 17.
In a statement made available to our correspondent in Abuja, PenCom stated that the exercise was imperative to enable would-be retirees to have a hitch-free retirement life.
According to the commission, the verification is for employees in the service of the Federal Government Treasury-funded Ministries, Departments and Agencies, who are due to retire from service between January and December 2019.
It noted that the affected employees were required to personally come along with the original letters of first appointment, evidence of transfer of service and acceptance, and birth certificates or sworn declaration of age, among others.
“For ease of access of participants, the exercise is scheduled to hold at 15 centres throughout the federation. Participants are advised to adhere strictly to dates assigned to each service sector,” it stated.
The Acting Director-General, PenCom, Mrs Aisha Dahir-Umar, had last week assured civil servants of prompt payment of their pensions once they retired from active service.
She said the commission considered the contributors, who were about to join the Contributory Pension Scheme, as very important stakeholders, adding that measures were being put in place to make pension administration transparent and seamless.
As part of the reforms being implemented by PenCom, she stated that the commission had established uniform set of rules, regulations and standards for all aspects of pension administration, including payment of retirement benefits to retirees.
This, she noted, was achieved through the issuance of regulation on administration of retirement and terminal benefits; regulation on life annuity; and the frameworks on pension enhancement and programmed withdrawals.
Dahir-Umar also said the circular on voluntary contributions was also aimed at repositioning the pension industry for the benefits of retirees.
