Using Biometric Technology, Issuance Of Digital Life Certificates To Retire

Using Biometric Technology, Issuance Of Digital Life Certificates To Retirees

Globally, the usage of biometric technologies in the public sector is increasing. In many locations, retirees who participate in an employee pension plan may now renew their life certificates by submitting biometric information.

Those in charge of doling out pensions must periodically verify that the recipients are still alive and receiving their benefits. They often mail a document titled "Life Certificate" or contact retired members to have them sign it.

Pensioners in India who have participated in the Employees Pension Scheme since 1995 may now apply for a Jeevan Pramaan Patra online. This utilizes face recognition and introduces age-determining technology into the lives of the elderly.

The Zimbabwean government has begun verifying the Biometric Life Certificates of retirees in an effort to protect the pension system and prevent corruption. The objective of the exercise for both the government and the pensioners is to cease paying "ghost" pensioners, make the pension system more secure to prevent corruption, and enhance service.

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The implementation of biometric technologies has not been flawless. For instance, because to their age or health, a large number of elderly persons first had difficulty entering their biometrics. Pensioners are required to visit facilities periodically to register and have their biometrics verified in order to get a life certificate.

Biometric authentication methods for granting life certificates are an innovation that will make it simpler and less expensive for retirees to get the necessary papers without having to visit several government offices. This will improve the lives of all retirees.

Pension fund administration and distribution are inefficient due to fraudulent activities, duplicate data, and manual procedures. Additionally, fraudsters may steal the pensions of qualified retirees, which might result in an overpayment of social welfare payments. M2SYS, a well-recognized leader in e-government initiatives for public service and social welfare programs, strives to make it easier for governments to administer their workers' pension funds.

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The M2SYS eGov Pension Management Solution is an enterprise solution that is highly scalable for government and private pension plans, sponsors, union trusts, third-party administrators, and financial institutions. It has robust processes and digitization to fulfill the requirements of public sector pension systems, their members, and their employers. It may also be readily integrated with third-party systems to expedite administrative chores and identity-verification biometrics. This makes it ideal for rapid and simple deployments.

To learn more about the M2SYS eGov Pension administration system, please download the brochure or contact us immediately to schedule a live demonstration.