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The post TRUSTFUND PENSIONS CELEBRATES 2019 CORPORATE COMPLIANCE AND ETHICS WEEK appeared first on Welcome to TrustFund Pensions.

The frontline Pension Fund Administrator (PFA), gave the advice when it organized its annual fitness walk for customers and retirees, tagged: ‘Trustfund Pensions Limited Walk for Life’ in Abuja.

The event which also featured a medical outreach and health talk, included some few kilometres walk by th participants round the Central Area and some light exercises.

Participants at the event were encouraged to engage in various forms of physical activities to ensure they stay fit and healthy, so that they can live long to enjoy their retirement and old age.

Speaking at the annual event, the Head, Customer Relationship Management (CRM), Mrs. Emuesiri Oshodi, said the event showcases the commitment of Trustfund Pensions to the well being of its customers, retiress and staff.

According to her, “What we aim to do is to sensitise people  on the importance of walking because it is recommended for all irrespective of the age bracket they belong to.”

Photo Speaks

  CSR In Action!

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Trustfund Pensions Limited, under its Corporate Social Responsibility (CSR) Initiative, recently donated a Golf Cart Bay to the IBB International Golf and Country Club in Abuja.

Speaking at the official presentation, the Managing Director/CEO of Trustfund Pensions, Mrs. Helen Da-Souza noted that Trustfund Pensions has a robust Corporate Social Responsibility Initiative which is geared towards impacting on the lives of “our immediate environment.”

It is in this regard, that the Company built and donated a Golf Cart Bay to the IBB Golf Club, as a way of promoting sports and encouraging healthy living amongst its customers and retirees.

She described “Golf as a game of life, adding that people who participate in it include the pre-active workers, the active workers, as well as the retirees which makes it an appropriate sport for Trustfund as a Pension Fund Administrator (PFA) to support.

Mrs. Da-Souza also reiterated that, “under our CSR Initiative, we have donated 18,000 reflective jackets to the Federal Road Safety Corps (FRSC) because they protect lives, the Nigeria Security and Civil Defence Corps (NSCDC), and the National Youth Service Corps (NYSC) in support of their mandates.”

The Captain, Mr. Ibrahim Sunday Ameh (SAN), thanked Trustfund Pensions for the donation of the much needed Cart Bay to the Golf Club.

Photo Speaks

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PenCom, recently, in Lagos, gathered Pension Desk Officers (PDOs) of MDAs, mainly from the South West zone of the country, to educate them on how to handle workers’ nominal rolls and the workings of the CPS to enable them improve on their services, as well as educate other employees in their organizations.

Head, Contributions Bond Redemption Department, PenCom, Lona Loyinmi, while declaring the workshop open, said the event was organized to educate the PDOs and get first hand information from them on areas of challenges in carrying out their duties.

The Director and Head, Corporate Communications Department, Peter Aghahowa, said the commission expects the PDOs to be able to operate seamlessly and manage pension matters within their ministries, parastatals and agencies even before they escalate to PenCom and Pension Fund Administrations (PFAs).

“As part of our enlightenment programme, we are meeting with the PDOs in the South West zone as we have done in some other parts of the country. They are crucial stakeholders in the Scheme so we have to use this kind of event to educate them on the developments in pension industry.

“It is also a good session to get feedback from them because they are the pension officers in different institutions and they interact with the employees directly.

“This is why we take the workshop very seriously. It is important to us so that we can bring them up to date with the developments and they can also have the opportunity to get clarification on various issues,” he said.

Explaining the delays in pension payment and non-remittance of monthly contributions, he said: “With regards to remittance, you know that the contributions are done monthly.

“There are challenges, but if you look at where we are coming from to where we are now, you will see that there have been considerable improvements. And this is one of the reasons we have this event with the MDAs.

“The government remittances are done mostly by PenCom while pension contributions are deducted from the source and these monies are sent to Central Bank of Nigeria (CBN).”

SIMPLE WAYS TO SAVE MONEY

1. Record your expenses

The first step to saving money is to figure out how much you spend. Keep track of all your expenses—that means every coffee, newspaper and snack you buy. Ideally, you can account for every kobo. Once you have your data, organize the numbers by categories, such as gas, groceries and bills, and total each amount. Consider using your credit card or bank statements to help you with this. If you bank online, you may be able to filter your statements to easily break down your spending.

2. Make a budget

Once you have an idea of what you spend in a month, you can begin to organize your recorded expenses into a workable budget. Your budget should outline how your expenses measure up to your income—so you can plan your spending and limit overspending. In addition to your monthly expenses, be sure to factor in expenses that occur regularly but not every month, such as car maintenance.

3. Plan on saving money

Now that you have made a budget, create a savings category within it. Try to put away 10–15 percent of your income as savings. If your expenses are so high that you can’t save that much, it might be time to cut back. To do so, identify non-essentials that you can spend less on, such as entertainment and dining out.

4. Decide on your priorities.

After your expenses and income, your goals are likely to have the biggest impact on how you save money. Be sure to remember long-term goals—it’s important that planning for retirement doesn’t take a back seat to shorter-term needs. Prioritizing goals can give you a clear idea of where to start saving. For example, if you know you are going to need to replace your car in the near future, you could start putting money away for one.

5. Make saving automatic.

Almost all banks offer automated transfers between your checking and savings accounts. You can choose when, how much and where to transfer money to, or even split your direct deposit between your checking and savings accounts. Automated transfers are a great way to save money since you don’t have to think about it and it generally reduces the temptation to spend the money instead.

6. Watch your savings grow

Check your progress every month. Not only will this help you stick to your personal savings plan but it also helps you identify and fix problems quickly. These simple ways to save money may even inspire you to save more and hit your goals faster.

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