A pension management consultant, Mr Wilson Ideva, who presented a paper entitled: “Life in retirement’’, advised them to always prepare a will ahead of their retirement to avoid crisis and that it was not easy for retirees to adjust to new phase of life when faced with the reality of “suddenly waking up and not seeing yourself going to work as before.
Ideva, a former CEO of Premiums Pensions Ltd., advised prospective retirees to ensure they planned their retirement well ahead to avoid personal or family crisis.
He said one way to avoid such crisis was to write a will to avoid either internal family squabbles or extended family infiltration into immediate family.
He however advised people who are scared of preparing a will, to share their property to beneficiaries when are still alive.
“This will save your family much delay when accessing your fund by avoiding going to court to obtain letter of administration with the attendant cost.
NPC acting Director-General, Mrs Aisha Dahir-Umar said the workshop was to serve as an avenue to effectively sensitize intending retirees under the Contributory Pension Scheme (CPS).
She also stated that the workshop would also afford participants, being prospective retirees, the opportunity to discuss and address some of the challenges they might face when they entered retirement life under the CPS.
The acting D-G was represented by Mrs Ekanem Aihomu, the Head, Benefits and Insurance at NPC.
She said it was gratifying that the commission had been able to make pension administration transparent and seamless in accordance with one of the salient objectives of the Pension Reform Act (PRA 2014) and that the programme was organised in Benin for prospective pensioners from Benin and Delta by the National Pension Commission (NPC) 2018 pre-retirement workshop.
