Friday, 2 January 2015

Adequate education as a prerequisite for a successful retirement-Odunze Reginald C





According to Francis Bacon, a 16th century English lawyer and philosopher, he said that Reading maketh a man, writing an exact man, and conference a ready man, Francis was a great contrast to his brother Roger Bacon, who was more interested in calculating the number of angels that could dance on a point of a pin, an esoteric  knowledge that you may say.  
 And according to Abraham Lincoln, he said I will study and wait, bag the certificate first and the enviable jobs later.

Awolowo in his book path to wisdom noted that it is good to search for knowledge with a relentless ardor and make no bone about your ardent love for the printed word.
Continuing Francis noted that it is good to know little about everything and everything about little but our study is not entirely on education but on getting the necessary education as regards pension. The Pension Reform Act 2004 and the Amended Pension Reform Act 2014 is the necessary working tool on any related pensions issues in Nigeria. There is nothing wrong in getting it from the book sellers or downloading the Pension Reform Act 2014 from the relevant websites which is very easy as Google search engine has made it very easy to search for any information available in the globe. It can also be downloaded from National Pension Commission website at www.pencom .gov.ng

By studying the relevant sections of the Act, contributors and retirees will be better equipped with knowledgeable information as regards the pension scheme, and when they have such information, they are more likely to plan, strategize on their contribution, they are likely to start calculating their estimated pension pot through the pension calculator so as to know whether to embark on Additional voluntary contribution or not.
Education is of necessity in every aspects of life and pension is not an exception, in my encounters with contributors and retirees, I have come across people who said that they are not interested in the scheme, and the employer has been on them to register but after concerted effort and their inability to register with any PFA, these employers over looked only for them to realized that their colleagues have a larger pension pot than they may think. The result is that they have lost out and there is no way they will measure up with their mates as they have lost a sizable part of their working life

REGINALD ODUNZE.COM

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