From Abdullahi Idris,Dutse
Jigawa State and Local Governments Contributory Pension Scheme Board has signed agreements with six Pension Fund Administrators, PFAs, aimed at ensuring effective management of the state’s pension funds.
Presiding over the signing of the agreement on behalf of the state government, the Head of the Civil Service, Alhaji Muhammad Dagaceri said the event reinforced the government’s commitment to securing the financial future of its pensioners and enhancing the overall transparency and efficiency of the pension management process.
The Head of Service emphasised the importance of prudent financial management and the need to provide retirees with reliable and accessible pension benefits.
“This agreement marks a significant step forward in our ongoing efforts to ensure that our retired workers receive their rightful entitlements in a timely manner. We believe that partnering with these esteemed Pension Fund Administrators will not only safeguard the funds but also enhance the growth and sustainability of our pension assets,” he stated.
The selected Pension Fund Administrators will provide comprehensive management services, including investment strategies, fund performance monitoring, and customer service enhancements. The collaboration aims to mitigate risks and optimise returns on pension contributions.
The Jigawa Pension Board will oversee the partnership, ensuring that the PFAs adhere to regulatory standards and deliver on their commitments to the state and its pensioners.
Speaking on behalf of the PFAs, the managing director of Premium Pension Fund, Hamisu Bala Idris assured that the selected PFAs would live up to expectation by adhering to all the clauses in the agreement particularly, on return on investment.
He described Jigawa State Pension Scheme as the best in the country.
