|
Getting your Trinity Audio player ready...
|
Ahead of the expected guidelines for the take-off of the micro pension scheme, Trustfund Plc, one of the top Pension Fund Administrators (PFA) has begun the sensitisation of self employed and other players in informal sector on the desirability of keying into the pension arrangement.
National Pension Commission (PenCom) which regulates the over N7 trillion Nigerian pension industry is at the verge of making public the guidelines for the micro pension scheme. The guidelines will specify the modus operandi of the micro pension which got introduced into the Contributory Pension Scheme (CPS) Act 2014, as amended.
It is targeted not only at expanding the scope of the CPS but more importantly to allow the largely unreached informal sector players: artisans, tailors, traders, mechanics, fashion designers etc, to benefit the pension scheme.
Helen Da-Souza, Managing Director, Trustfund Plc, at a senstisation programme it organised in collaboration with National Union of Textile, Garment and Tailoring Workers of Nigeria, in Lagos, explained the rationale of the sensitisation, noting that it was to open up the minds of people within the informal sector to beauty of the pension scheme.
Da-Souza, represented by Musa Nasir, executive director, Business and Personnel of Trustfund, also highlighted the long standing relationship of Trustfund with workers and the commitment to continued service to contributors whether in the formal or informal sectors of the economy.
“Our relationship with workers represented in organised labour movement puts on the burden to sensitise workers in the informal sector to enable them make the right choice with regard to the micro pension,” said Da-Souza.
John Adagi, president of the textile workers’ union, and Isa Aremu, the general secretary, who also spoke at the event, lauded Trustfund’s consistent collaboration with workers. They believed that the sensitisation, which saw hundreds of tailors, fashion designers and others in the informal sector, participating, would guide them to understanding and embracing the benefits of the micro pension when it commences.
JOSHUA BASSEY
