Access Pensions has reaffirmed its dedication to supporting initiatives that strengthen Nigeria’s pension trade and enhance retirement outcomes for Nigerians, following its participation within the Presidential Pension Security Initiatives Launch held just lately on the State House in Abuja.
The occasion, organised by the National Pension Commission (PenCom), featured the presentation of the Presidential Pension Legacy Award to President Bola Ahmed Tinubu in recognition of his administration’s interventions within the pension trade.
The award was offered on behalf of the pension trade by the Director-General of PenCom, Omolola Oloworaran, and the Managing Director and Chief Executive Officer of Access Pensions, Sa’adu A. Jijji. The ceremony was additionally attended by the Group Managing Director/Chief Executive Officer of Access Holdings, Innocent Ike.
The occasion additionally witnessed the revealing of two key initiatives by PenCom geared toward strengthening retirement safety and enhancing retirees’ welfare: the Minimum Pension Guarantee, which establishes a minimal month-to-month pension of N52,500 for eligible retirees underneath the Contributory Pension Scheme (CPS), and PenCare, a healthcare initiative designed to supply low-income retirees with entry to important medical providers for free of charge.
Speaking on the occasion, the Managing Director and Chief Executive Officer of Access Pensions, Sa’adu A. Jijji, expressed appreciation to the President for his dedication to repositioning the pension trade, noting that the appointment of the present management of PenCom had introduced renewed course and constructive modifications to the sector.
Jijji notably acknowledged the appointment of the Director-General of PenCom, Ms Omolola Oloworaran, describing her management as a mirrored image of the influence that younger professionals and ladies might make when entrusted with crucial duties.
He stated: “We are actually grateful to Mr President, first, for appointing the present management of the National Pension Commission, and notably for appointing the Director-General of the Commission.
“We have seen what appointing a youngster can do for an trade, and what appointing a lady can deliver to an trade. When you could have a younger lady main the trade, you’ll be able to see the distinction and the constructive modifications going down.
“So, thank you very much, sir, for all the initiatives that have been implemented and for the support we have continued to receive. We are truly grateful.”
Access Pensions stated the continuing reforms symbolize an necessary alternative to deepen public confidence within the Contributory Pension Scheme (CPS), notably at a time when the trade is looking for to broaden participation, enhance retirement outcomes and tackle issues across the adequacy of pension advantages.
Earlier, the Director-General of PenCom, Oloworaran, stated the choice to honour President Tinubu was a collective recognition by the pension trade of his administration’s interventions, which she famous had helped tackle a number of the challenges that beforehand undermined confidence within the system.
According to her, the award was offered on behalf of Pension Fund Administrators (PFAs), Pension Fund Custodians (PFCs), Closed Pension Fund Administrators and PenCom.
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