Premium Pension Disburses N63.2bn As Retirement Benefits

Premium Pensions Ltd said on Sunday that the company had paid out about N63.2 billion as retirement benefits, as at April, this year.

Mr Wilson Ideva, the Managing Director of the firm, said this in a statement signed by Mr Paddy Ezeala, the company’s Head, Corporate Communications.

A copy of the state made available to the News Agency of Nigeria (NAN) in Lagos, said Ideva announced this at a Retirees Forum organised by the company in the South-East zone.

According to the statement, the forum held in Owerri, Enugu and Awka, respectively.

“There is a steady growth in the pension industry generally.

“At Premium Pensions, we now have N330 billion under our management, while we have 13,350 retirees who receive pension, every month.

“The return on investment by the company has continued to be above 12 per cent for the past three years,” the statement said.

According to the statement, the retirees in the South East look strong, healthy and even employable.

It said that the retirees’ good looks showed the success of the Contributory Pension Scheme.

The statement described the scheme as a government policy that had been consolidated and was already yielding dividends within a short time.

It also quoted Mr Eneh Ejiofor, National Pension Commission (PenCom) Head, South East Zonal Office, as saying that the retirees’ forum was reflective of the industry’s best practices.

The statement said the Pension Fund Administrators (PFAs) would continue to enlighten the retirees on developments in the management of their Retirement Savings Accounts (RSAs) and the industry in general.

It added that the fund being managed under the scheme was one of the best-protected in the world. (NAN)

Courtesy: leadership.ng

 



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