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BPSR And PenCom Drive Efforts To Simplify Pensions With IPPIS Integration
BPSR And PenCom Drive Efforts To Simplify Pensions With IPPIS IntegrationThe Bureau of Public Service Reforms (BPSR) and the National Pension Commission (PenCom) have announced efforts to enhance pension management and facilitate a smoother transition for retiring public servants. This initiative was highlighted during BPSR’s recent courtesy visit to PenCom in Abuja on Wednesday.....KINDLY READ THE FULL STORY HERE▶
Both agencies discussed addressing gaps in the pension system by integrating PenCom’s pension system with the Integrated Payroll and Personnel Information System (IPPIS), a government initiative designed to streamline personnel and payroll data management.
A statement from BPSR’s spokesman, Aliyu Umar, noted that the Director-General of BPSR, Dasuki Arabi, stressed the significance of ongoing reforms within Nigeria’s pension system.
“The management of retirees’ pensions within the National Pension Commission’s scope is sensitive and complex,” Arabi said.
He further outlined the challenges faced by the pension system before the establishment of PenCom in 2004, particularly the outdated defined benefits scheme that led to delays and the build-up of pension arrears.
Arabi highlighted BPSR’s advocacy for the adoption of the Contributory Pension Scheme (CPS), which replaced the former system.
“The CPS ensures that both employees and employers contribute to pension funds, promoting a more sustainable pension framework,” he explained.
BPSR has also been active in organizing forums and discussions to address emerging challenges in the pension sector.
PenCom’s Director-General, Omolola Oloworaran, emphasized the need for continuous reform to tackle new challenges in pension management, particularly in disbursements and technology integration.
“We are encountering fresh issues in pension administration and management,” she said, highlighting the evolving demands of the sector.
Oloworaran noted that IPPIS has streamlined the transition of retirees from salary to pension, reducing bureaucratic delays.
“How can we further deepen the integration of IPPIS with our pension system? As we developed IPPIS, we ensured a mechanism that allows for automatic and electronic transitions from salary payments to pensions,” Oloworaran stated.
She also advocated for a comprehensive approach to pre-retirement training for civil servants, citing data showing that over 40% of public servants pass away shortly after retirement.
“We need to address this issue by preparing civil servants years in advance of retirement, ensuring they have pathways and skills to transition smoothly into post-service life,” she added.
Oloworaran concluded that bridging this gap is essential to building a more resilient pension system.
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