The Federal Government through its National Pension Commission, has officially started preparations to enroll prospective retirees in 2025, emphasising the importance of early planning.
It also issued a stern warning to all ministries, departments, and agencies, urging them to avoid any last-minute rush that could disrupt the enrollment process and negatively impact the retirees’ transition into their new phase of life.
The acting Director-General of the National Pension Commission, Omolola Oloworaran, disclosed this at a workshop organised by the commission to kick start the 2024 online enrolment applications for pension desk officers of Federal government treasury-funded MDAs on Monday in Abuja.
This workshop signifies the start of the final preparations for the 2024 Online Enrolment Exercise, aimed at prospective retirees for 2025.
Nigeria currently has 7,348,028 or 10.58 per cent of the total working population registered under the National Pension Scheme. In the second quarter of 2024, the commission said it paid N1.1tn to 129,435 life annuity applicants, highlighting increases in pension payouts.
Speaking in her address, the acting DG stated that this exercise aims to collect accurate data to assess the Accrued Pension Rights of prospective retirees, enabling the Federal Government to make the necessary budgetary provisions.
She added that the commission has made significant progress by automating the enrollment process, introducing an Online Enrolment Application that facilitates seamless registration, verification, and enrollment of retirees.
Oloworaran said, “At the National Pension Commission, we hold firmly to our statutory responsibility of ensuring a seamless pre-retirement verification and enrolment process for employees of Federal Government Treasury-funded MDAs. Each year, we embark on this exercise to gather accurate data for determining the Accrued Pension Rights of prospective retirees, so that the Federal Government can make the necessary budgetary provisions.
“Today’s session is not just a routine gathering; it is part of PenCom’s commitment to building the capacity of stakeholders, specifically you, the Pension Desk Officers, whose roles are indispensable in this process. Since 2021, we have made significant strides by automating the enrolment process, and introducing an Online Enrolment Application that allows seamless registration, verification, and enrolment of retirees.
“This system, comprising the Retiree, MDA, PFA, and PenCom modules, represents the future of pension administration in Nigeria. As PDOs, you are the linchpin in this process, ensuring that retiree information is properly uploaded and verified. Hence, this workshop aims to equip you with the skills and knowledge needed to effectively use the application and address any challenges that arise during the enrolment process. We are also here to confront the issues of the past head-on.”
