PenCom assures retirees of prompt pension payment

 The National Pension Commission on Monday assured retirees of prompt payment of their pension. The Acting Director-General, PenCom, Mrs Aisha Dahir-Umar, gave the assurance during the opening session of a pre-retirement workshop for Federal Government workers that are due to retire in 2020 under the Contributory Pension Scheme.

She said the commission considers contributors who are about to join the CPS retirees as very important stakeholders, adding that everything was being done to ensure they enjoy life after retirement.

The PenCom boss said the objectives of the Pension Reform Act of 2014 was to ensure that every person who worked in either in the Public Service of the Federation, Federal Capital Territory, States and Local Governments or the Private Sector receive his or her retirement benefits as and when due.

She said through the Pension Reform Act,  the commission had been able to establish uniform set of rules, regulations and standards for all aspects of pension administration, including payment of retirement benefits to retirees among others. As part of of its annual regulatory activities, Dahir-Umar said the commission had finalised arrangements to commence the verification of prospective retirees who would be retiring in the by next year from the public service of the federation.

She said the verification exercise which was scheduled to hold next month in 15 centres across the country, necessitated the need to undertake adequate sensitisation and public enlightenment in order to prepare prospective retirees on the steps to take towards a hitch-free retirement life.

The Acting DG urged the prospective retirees to make suggestions during and after the workshops on issues that may further help to make retirement life more comfortable for the future retirees.

“There is nothing to fear at retirement. We expect the session to be interactive, make suggestions. “We appreciate all our contributors; without contributors, no pension industry. You will become even more important to us at retirement. And I hope this relationship continues even in retirement,”Dahir-Umar said.