The National Pension Commission (PenCom), Pension Fund Operators Association of Nigeria and other stakeholders in the Industry are set to discuss the future of micro pension scheme at the First pension conference organised by the Pension Correspondents Association of Nigeria (PENCAN), Abuja.
This was contained in a statement signed by the President, Pension Correspondents Association of Nigeria, PENCAN and made available to Channel Network Afrique, CNA said the conference which is scheduled to hold on Thursday, 22nd June in Abuja has the theme “Micro Pension Scheme in a Digitised Economy: Prospects and Challenges” due to the burning issues in the nation’s pension sector.
According to the statement, the Scheme is a laudable project initiated by the National Pension Commission to help the informal sector have some savings when they retire.
“Statistics from the National Pension Commission however, show that only about 95,000 participants have subscribed to the scheme which is a very low number compared to the 70 million target by the pension regulator,” it stated.
The conference , the statement said, will serve as an avenue to sensitise Nigerians in the informal sector and also bring together stakeholders to discuss the prospects and challenges.
The National Pension Commission (PenCom) Pension Fund Operators Association of Nigeria (PenoP) Pension Fund Administrators such as Access Pensions Ltd, Premium Pension Ltd, Police Pension Ltd, have committed to attending the epoch making event.
Other stakeholders expected at the event are the Pension Transitional Arrangement Directorate (PTAD), Executives, Abuja School of Pension and Retirement Planning, Civil Society Organizations in the Pension Industry, Nigerian Union of Pensioners, traders and artisans associations among others.
The conference promises to be educative as issues surrounding the sector will be discussed extensively with a view to finding feasible solutions to them.
