Barring any unforeseen change, pension transfer window that will enable contributors of Nigeria’s N9.4 trillion pension fund to change from one Pension Fund Administrator (PFA) to another will start in June, next year.
This means that contributors, including retirees, who are dissatisfied with services rendered by their PFA would be able to change.
Head, Corporate Communications, National Pension Commission (PenCom), Peter Aghohowa, made this known at the media retreat organised by the Pension Operators Association of Nigeria (PENOP) in Lagos.
Aghohowa said the fact that a date had been tentatively fixed indicated that work was in progress to actualise the mandate.
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He said pension operators and PenCom had been meeting and work had reached an advanced stage to achieve the ideal.
“One thing that is critical towards this, is the Enhanced Contributor Registration System (ECRS) that was recently launched.
“That is what is making our data integrity better, coupled with the fact that we are also linked with the National Identification Management Commission on the issue of National Identification Number (NIN).
“You can be sure that in a couple of months, the data we have will be integral because it is a prerequisite for the transfer window and that is why we say we are getting closer and optimistic that we will reach the milestone,” he said.
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