Spread the love

The National Pension Commission (PenCom) has announced the discontinuation of data recapture exercises by the two authorized agents, effective May 30, 2023.

In a press release issued today, the pension regulatory body stated that its contractual agreement with the data recapture agents, namely Payone Solutions Limited and Afritec Multi Concept Limited, will come to an end on May 30, 2023.

The Commission, therefore urged all RSA holders who are yet to be recaptured to visit their PFAs for the exercise.

Read the full press release below:

RSA holders and the general public would recall that the National Pension Commission (the Commission) introduced the Data Recapture Exercise (DRE) in August 2019. The DRE is in line with the directive of the Federal Government of Nigeria that all data-generating agencies should harmonize their databases with the National Identity Management Commission (NIMC). The exercise also aims to ensure accurate, up-to-date data of all RSA holders (active and retired).

To expedite the DRE, the Commission approved an industry proposal by the Pension Operators Association of Nigeria (PenOp) for an industry Shared Services Initiative (SSI) under which PenOp engaged two agents (Payone Solutions Limited and Afritec Multi Concept Limited) to conduct the DRE on behalf of all PFAs.

RSA holders and the general public are requested to note that the contract between PenCom and the agents will expire on 30 May 2023. Consequently, Payone Solutions Limited and Afritec Multi Concept Limited will, effective from 31 May 2023 no longer be authorized to conduct the DRE of RSA holders.

The above notwithstanding, all RSA holders (active and retired) who joined the Contributory Pension Scheme on or before 1 July 2019 and are yet to be recaptured are advised to visit the nearest branch of their PFA in order to undergo the data recapture exercise. RSA holders and the general public are hereby assured that the Commission is committed to ensuring that retirement benefits are paid as and when due.

Source: PenCom

Spread the love
Need help?
Pension Talk
Thank you for visiting PensionTalk.
How may we help you?