PenCom sets deadline for MDAs to submit retirees’ information
The National Pension Commission (PenCom) has instructed treasury-funded Ministries, Departments and Agencies (MDAs) to provide details of employees retiring between January 1 and December 31, 2026. This move is part of preparations for the Federal Government’s newly approved Exit Benefit Scheme. In a circular dated June 16, 2026, PenCom emphasized the importance of timely and accurate submissions. The deadline for MDAs to submit the required information is July 6, 2026.
TLDR
- PenCom directed MDAs to submit details of employees retiring between January 1 and December 31, 2026.
- The circular, dated June 16, 2026, set a submission deadline of July 6, 2026.
- The Exit Benefit Scheme, approved by the Federal Government, provides for payment of 100% of final annual emoluments to eligible retirees.
- The scheme takes effect retrospectively from January 1, 2026, and guidelines have been issued by the Head of the Civil Service of the Federation.
- PenCom is upgrading its systems to support the scheme and has warned that submissions must comply with the prescribed template.
