“We urge them to establish the administrative structure that will drive the implementation of CPS in the states to enable them to access the available funds and enable workers retire well.” Nigeria
Presently, some states of the federation are operating a Pension Bureau, while some registered the states’ workers into the CPS led by the national Pension Commission and others are yet to comply fully or begin the process.
The Chairman, IEI Anchor pension, Senator Jonathan Zwingina, while lauding Federal Government for remaining steadfast in its commitment to improve the conditions of retirees by supporting the scheme, called on the state governments to follow suit by setting up Pension Bureau.“The CPS enables workers to retire better. It is, however, regrettable that some states are yet to establish the necessary legislative framework that would enable them to key into the system.
“Our Assets Under Management had 34.96 per cent increase from N68, 231, 022, 724 Billion to N92, 081, 663, 564 Billion between January 2018 and December 2018. Operations of the company ran smoothly, thereby leading to a general growth in the company. “RSA Fund Unit price grew from N2.21 in 2017 to N2.42 billion in 2018, a growth of 9.62 per cent as Retiree Fund Unit price grew to N2.85 billion, a growth of 11.44 per cent during the year under review.
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