Pension Savings: PenCom mandates workers to start physical data capture

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The commision had introduced the Data Recapture Exercise (DRE) in August 2019 to facilitate complete, accurate and current data...

has commenced the recapturing of retirement savings account holders’ data exercise by Pension Fund Administrators.

The DRE is majorly for contributors that registered before July 2019. This implies that retirement savings contributions that were registered before July 2019 do not have sufficient information. “Consequently, all active contributors are hereby advised to visit their PFAs and provide the following documents to complete the data recapture Staff Identity Card or national identity card.

 

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What is PENCOM doing with retirees that joined Contibutory Pension Schemes CPS that their states government failed to remit their accrued pensions and gratuities to their PFAs... You would be getting more dead retirees that have not receive 1kobo from their entitlements from data

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