One hidden fact that you hardly see many salary earners discussed in public service, is the salient disadvantage inherent in Retirement Savings Account (RSA ).
Between years 2006 and 2007, I asked 4000 workers of local, state and federal public service the following simple question.
What benefit (s) do you desire to get by working for government as a public servant ?
Out of 3500 respondents, 3200 public servants joined public service because of pension and gratuity to be collected in retirement. In a democratic environment like ours, as long as there is legitimate job vacancies, no one is restricted to any particular job. Working for government is a good option, but developing wrong perception about the perfection of gratuity and pension in taking good care of workers welfare in retirement is a major problem, and double tragedy that today's employees must address before it's too late.
It's also a very wrong believe that after working for many decades, pension to be collected is perpetual.
Visit your Pension Fund Administrator (PFA), Pension Fund Custodian (PFC) and / or PENCOM today for clarification on the following questions that will ultimately determine part of your fortune in and outside employment.
1. What is your projected retirement savings ?
2.What is your projected pension collection limit ?
3.What is your life expectancy ?
4. What is your projected monthly pension value ?
When you are satisfied with answers provided to you by your pension managers, then call me to discuss the solution to the inherent problems in RSA as your fortune.
For further information; contact: thesalaryearners.info@yahoo.com OR call : +234 802 756 2783.
No comments:
Post a Comment