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| Sogunle |
Chuks Udo
Okonta
The Managing Director Stanbic IBTC Pension Managers, Demola
Sogunle, has said the Contributory Pension Scheme (CPS) is one of the best
things that the government has in recent time bequeathed on Nigerian workers.
Sogunle, who spoke at a media parley organised by the Pension Fund Operators
Association of Nigeria (PenOp), in Lagos, said the scheme has helped to provide a
secured future for workers at retirement, adding that workers need not to
adjust their age any more as there is something to sustain their lifestyle in
retirement.
He called on workers to
demand compliance from their employers as their future is determined by what
they contribute now.
He said: “Those
who are presently contributing are in good companies, their future is assured,
and some people are working on their behalf to ensure that when they stop
receiving salary, they can maintain their living standard.
“It is because
of the contributors we do investment strategies, work hard daily, so that they
can have something to fall on when they stops working. It is when people stop
working they become more vulnerable and that is when we come in. Contributors
should be rest assured, for they have nothing to fear.”
He said the
new pension system has a strong internal mechanism, and there is no story, adding
that on monthly bases those who have contributed collect their pension without
hassles.
“Those who
have witnessed the scheme recognised that the scheme is one of the best things
to have happened in Nigeria. This scheme is one of the unsung reforms former President
Olusegun Obasanjo, bestowed on Nigerians.
“People are
yet to come to full realisation that at takes a lot to come from N2 trillion unfunded
pension liability to N4 trillion assets in a period of eight years. Those
working should make sure that their employers are contributing so that when
they retire they will be able to sustain their lifestyle.
“With the
scheme, once you are 50 years, you should retire. People need not to adjust
their age anymore. People adjust their ages because they are not sure of their
future. But with the scheme, once a worker is tired he or she should retire,”
he said.
Managing
Director Fidelity Pension Managers Limited, Amaka Andy Azike, called on
employers to align with the scheme, adding that it remains one of the best ways
they can motivate their workers.
She noted
that when workers realise that their future is secured due to the contributions
made by their employers they will give their best and work towards the well
being of their employers.
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