One of the functions of the Pension Fund Administrators (PFAs) according to the PRA 2004, section 45(a) is to open Retirement Savings Accounts for all employees and obtain Personal Identification Numbers (PINs) for the employees from the National Pension Commission (PenCom). In order to do this, the employers whether from the Federal/State or the private sectors must first be recognized and issued with unique employer codes. The employee’s PINs are attached to their respective employer codes in PenCom’s database and are to be adopted only within the Pension Industry.