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PENSION PLANNING AND
ADVISORY SERVICES
FUNCTIONS OF THE PRODUCT
▪ Provide advisory
services to clients on passage and implementation of Pension Reform Acts
2004
▪
Collaborate with the States Assemblies on the
passage of the Pension Bills and ensuring subsequent compliance by the
public and private institutions within the purview of the states.
▪
Valuation of the entire accrued past service
pension benefits of the government employees.
▪
Assisting the states on migration from Defined
Benefits Schemes and
Pay-As-You-Earned (PAYE) to fully funded Defined Contribution
Schemes.
▪
Assisting in the collation and sanitation of the
existing pensioners Data
Base.
▪
Determine the Present Value (Cost Implication) of
Retirement Benefit
Bond Redemption Funds.
▪ Determine the
Transfer Value of the existing employees entitlements under Defined
Benefit Scheme to the new dispensation (Retirement Savings Accounts
RSA).
▪
Verifying the basis of calculation and scale of
benefits for the existing pensioners under defined benefit scheme.
▪
Organizing sensitization and awareness programme
for the workforce of
the client.
▪
Assist the client in selection of PFA etc.
▪
Organize workshop for people who are close to
retirement age. |