The National Pension Commission policy to take on challenges in the pension industry in a fashion that relies on in house capabilities to solve pension operation distress using technological innovation is creating a calm run in pension operations.
The Director General PenCom, Mrs. Aisha Dabir-Umar, provided the state of affairs on this line of duty at the 2021 Journalist Workshop held in Lagos, saying the Commission has enhanced efficiency with these in-house designed apps. These have been achieved along side the deployment of the five strategic focus of the Commission.
Dabir-Umar who relayed her speech through the head corporate communication department, Peter Aghahowa, said the Commission has designed and developed online enrolment application, which has the capabilities to register, verify and enrol prospective retirees of treasury-funded federal ministries, departments and agencies MDAs.’
She said the deployment of the this app after the pilot scheme is concluded, would knock out mass gathering of people, enhance convenience for prospective retirees through a seamless enrolment process.
Another good score she pointed to, was the design and deployment of the retirement savings account (RSA) transfer System (RTS), which was launched in November 2020. Through this RSA holders transfer their RSAs from one Pension Fund Administrator (PFA) to another. She reiterated that the activation of the transfer system, “deepens individual choices,” a major milestone in the implementation of the CPS.
The PenCom chieftain said the implementation of the “CPS remains on course” and this becomes clearer with the on going implementation of the five strategic focus areas which she reiterated, is “currently pursued by the Commission. This is considered germane considering that seventeen years after the pension reform in Nigeria, there still exists a knowledge gap on the CPS.”