PenCom attributes N8trn pension success to esteemed contributors

From left: Managing Partner, Averti Professional Managers, Mrs Inyang Sani Orungbe; Director and Head, Corporate Communications Department, National Pension Commission, Peter Aghahowa and Head Benefits & Insurance Mrs Ekanem Aikhomu at the event.

.Holds verification from June 25 to August 17, 2018

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Chuks Udo Okonta

The National Pension Commission (PenCom) has attributed the accumulation of over N8 trillion and other successes achieved in the last 14 years of implementation of the Contributory Pension Scheme (CPS) to esteemed contributors.

Its Acting Director-General, Aisha Dahir-Umar, disclosed this today at the pre-retirement workshop for prospective retirees in the contributory pension commission in Lagos. The PenCom boss, who represented by the Commission’s Head Benefits & Insurance Mrs Ekanem Aikhomu, called on
pension contributors to continue to contribute positively towards the success of the pension reform programme.

She noted that the workshop was tailored towards addressing the challenges that prospective retirees might face as they enter retirement life under the CPS, whilst urging the would be retirees to feel free to make suggestions during and after the workshops, about issues that may further help to make retirement life more comfortable to them and future retirees.

“The achievements recorded by the Commission in the last fourteen years would not have been possible without the support and understanding of all stakeholders, especially you, our esteemed contributors who are about to retiree. I therefore urge you to contribute positively towards the success of the Pension Reform Programme,” she said.

Prospective retirees

She noted that as part of the commission’s annual regulatory activities, it has finalised arrangements to commence the verification of prospective retirees who would be retiring in year 2019 from the public service.

The verification exercise, she said is scheduled to be undertaken from June 25 to August 17, 2018 in 15 centers across the country, stressing that the impending exercise, therefore, necessitated the need to undertake adequate sensitization and public enlightenment in order to prepare prospective retirees on the steps to take towards a hitch free retirement life.

The prospective retirees received lectures on: Enrolment exercise and documentation requirement, a paper presented by Deputy Zonal Head (South-West Zonal Office) PenCom, Sola Adeseun; Accessing Retirement Benefits & Payment under the Contributory Pension Scheme, by a member of the commission’s Benefit & Insurance Department, Ifedolapo Akinniyi and Life after Retirement by Managing Partner, Averti Professional Managers, Mrs Inyang Sani Orungbe.

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