Pensioners Should Receive Digital Life Certificates Through Biometric Technology

Pensioners Should Receive Digital Life Certificates Through Biometric Technology

In the public sector across the globe, biometric technology is becoming more and more prevalent. In many locations, retirees who are a member of an employee pension plan may now renew their life certificates by providing their biometric data.

The individuals in charge of disbursing pensions must periodically verify that the pensioners are still alive and receiving the money they are entitled. Every time they do this, they mail or phone the retired members to have them to sign a paper called a “Life Certificate.”

Since 1995, retirees in India who are enrolled in the Employees Pension Scheme have been able to submit a Jeevan Pramaan Patra life certificate online. This employs face recognition and gives elderly individuals access to age-defining technologies.

In an effort to strengthen the security of the pension system and combat corruption, the Zimbabwean government has begun scrutinizing pensioners’ Biometric Life Certificates. The exercise’s objectives are to cease paying “ghost” pensioners, make the pension system safer to combat corruption, and enhance service for both the government and the retirees.

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The transition to biometric technologies wasn’t flawless. For instance, because to their age or health, many elderly persons first had difficulty entering their biometrics. In order to get a life certificate, retirees sometimes need to visit facilities to register and have their biometrics checked.

The development of biometric authentication methods for granting life certificates would make it simpler and less expensive for retirees to get the necessary papers without having to visit several government offices. For all seniors, this will mean a simpler existence.

Ineffective pension fund administration and payout are caused by fraudulent activities, duplicate data, and manual procedures. The theft of pensions from qualified retirees by fraudsters might result in the payment of excessive amounts of social welfare payments. M2SYS aims to make it simple for governments to manage the pension funds of their workers as a well-known leader in e-government projects in public service and social welfare programs.

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For sponsors, union trusts, third-party administrators, and financial institutions, the M2SYS eGov Pension Management Solution is a highly scalable enterprise solution. To fulfill the demands of public sector pension plans, their members, and their employers, it features robust processes and digitization. Additionally, it is simple to link to other systems to expedite administrative processes and use biometric technologies to confirm identification. It is ideal for quicker and simpler deployments as a result.

Download the booklet right now or get in touch with us right away for a live demo to learn more about M2SYS eGov Pension administration system.