Yemisi Izuora
The National Pension Commission, PenCom, has said that the approval granted Pension Operators Association of Nigeria, PenOp, for use of agents in the ongoing Data Recapture Exercise (DRE) introduced in August 2019 for obtaining complete, accurate and current data of all RSA holders (both active and retired), is intended to facilitate the exercise.
Under the exercise, Pension Fund Administrators (PFAs) were directed by the Commission to obtain the relevant information required for the DRE from RSA holders.
One of the information required for the exercise is the National Identity Number (NIN).
The Commission said it is desirous to ensure that all RSA holders are able to exercise their rights of transferring their RSAs from one PFA to another, in anticipation of the formal launch of the RSA Transfer System during the last quarter of 2020.
The Commission, further informed all RSA holders that the completion of the DRE is a prerequisite for processing any RSA transfer request by RSA holders who registered before 1 July 2019.
However, in order to fast-track the DRE, the Commission approved a proposal of the PenOp, for an industry Shared Service Initiative (SSI).
Consequently, PenOp has engaged agents to conduct the DRE on behalf of all PFAs. This arrangement PenCom said will enhance efficiency in carrying out the exercise as it would allow an agent to recapture all RSA holders in the same organization on behalf of all PFAs.
In partnership with the National Identity Management Commission (NIMC), the selected agents will have the ability to carry out NIN registrations seamlessly.
The Commission has therefore appealed to all active RSA holders and retirees to cooperate with the agents that would be visiting their organisations to carry out the DRE.
The Commission reaffirmed its commitment toward providing necessary support to the pension industry to ensure the success of the DRE
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