Trustfund Pensions Ltd, recently held the third edition of its annual Employers’ fora across the country. The fora which held in different geopolitical zones was amongst other things, to update employers of labour of recent developments in the contributory pension scheme and get feedback from them.
The fora which was in collaboration with Zenith Pensions Custodian Limited, was flagged off in Abuja it was attended by Pension Desk Officers, Ministries Department Agencies and Private Sectors organizations.
Kickstarting the fora in Abuja, the Chief Compliance Officer, Mrs. Rachael Osa Obi, said, the purpose of organizing the forum is to intimate the various participants on the growing number of un-reconciled contributions that have not been credited into customers accounts due of lack of remittance schedule.
To reduce the stress of having to go to the bank and make payments, the participants were introduced to a new payment platform known as EPCOSS, an online payment platform which enables employers to make remittances from the comfort of their homes. This is expected to make the process less cumbersome.
The issue of the Next of Kin and the importance of writing a WILL also came to fore at the fora. According to Mrs. Obi, a will admitted at probate will speak for a survival after the demise of a customer. While calling on all contributors to the scheme to ensure that they write a will. On the update of records of customers after change of employment, location, marriage, names etc.
She said, a Customer Familiarity Index (CFI) form must be completed by all customers and sent back to Trustfund for a proper update. Mrs. Osa Obi, said, the fora have been effective, as evidenced, in the reduction of overages and shortages of remittance. To ensure a national spread, the Fora was held in Lagos, Benin, Kaduna, Port-Harcourt, Ibadan and Enugu.
The Lagos Regional Manager, Obafemi Arobadi, during the Lagos Employers Forum, acknowledged the serious challenge of remittances by both private and public sectors employers, warned that contributors stand to lose investment income among other benefits for the failure of their employers to remit deducted funds as at when due.