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Premium pension starts retirees payment December

Premium pension is set to commence the payment of enhanced monthly pension to its retirees-customers with effect from December 2017.

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In a statement issued by its head of corporate communication Aliyu Mohammad Ali, the payment is in line with the directive of the National Pension Commission (PenComm) and also the upward review of the monthly pension is to ensure that it synchronizes with growth in pension funds and also respond to the yearnings of the retirees.

The statement added that the Acting Managing Director/Chief Executive Officer of Premium Pension Limited, Mr. Kabir Ahmed Tijjani assured that the payment of enhanced pension will apply to retirees with reasonable balances in their Retirement Savings Accounts (RSAs), which has earned significant income overtime which indicates that RSA holders are made to benefit from increased Return on Investment of pension funds.

 

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