Premium Pension partners Bauchi State on implementation of CPS

Pension Fund Administrator, Premium Pension has moved to partner with the Bauchi State government on management of their employees’ pension for better retirement.

Bauchi Government said with the partnership, the State can key into the Contributory Pension Scheme (CPS) as a sure way of safeguarding the welfare of workers and pensioners.

The Board and Management of Premium Pension led by the Ibrahim Alhassan Babayo, chairman Board of Directors in company of Umar Sanda Mairami, chief executive officer; and Kabir Ahmed Tijjani, executive director, Business Development North and Strategy recently paid a courtesy visit to Bala Mohammed, the executive governor of Bauchi State, at the Government House.

The courtesy call was aimed at seeking partnership with the Bauchi State Government for proper pension management.

In his speech, Bala Mohammed stated that he was highly delighted to receive the Premium Pension delegation on behalf of the Government and good people of Bauchi State on a very important and auspicious visit.

He described the visit, as a turning point in terms of pension management and human capital development in the state.

The Governor expressed the readiness of his administration’s commitment to key into the CPS as a sure way of safeguarding the welfare of workers and pensioners. On this, he affirmed his confidence with Premium Pension to do the good work as it is the beginning of wisdom to go by the national program.

Furthermore, the Governor, assured his fulfillment that, the mutual partnership between the two bodies will enable his Administration free resources from mismanagement for the provision of required social services.

In his remarks during the visit, the Ibrahim Alhassan Babayo, chairman Premium Pension assured the Governor that the Company has the requisite expertise particularly in addressing all challenges associated with pension administration in the state.

Babayo commended the Bauchi State Government on the unparalleled success recorded in the infrastructural development across the state.

While speaking during the visit, Umar Sanda Mairami, the chief executive officer, expressed his appreciation to the Governor for the warm reception. He presented a proposal to Bauchi State Government for the management of the state’s employees Retirement Savings Accounts (RSA).

He stated, that it is in line with the objectives and provisions of Pension Reform Act, 2014 (PRA 2014) as well as Bauchi State Pension Law (when enacted). He reiterated that investment in its people and technology as evidenced in its performance gives Premium Pension an edge over other players in the industry.

The CEO seized the opportunity to reiterate the milestones achieved by the Company, in the pension industry, and other initiatives deployed to ensure that PPL is positioned as a top tier PFA creating value.