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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