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Trustfund carpets states over choice of PFAs for workers

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TRUSTFUND Pensions Plc, has decried state government selection  of Pension Fund Administrators, PFAs, for workers without recourse to organised labour, lamenting that “the development does not speak well of the labour movement.”

Acting Managing Director of Trustfund  Pensions, Mrs Helen Nneamaka Da-Souza, equally bemoaned deduction of employees’ salaries by their employers without remitting same to the PFAs, warning that  the implication of such action was that upon retirement, the affected workers would get correct amount due to them.

Speaking at an interractive session with the Medical and Health Workers Union of Nigeria, in Abuja, Mrs Da-Souza said labour had a vital role to play in ensuring that the contributions of its members were safe and secured noting that “those of us present as workers of today are the pensioners of tomorrow.”

She charged labour not only to oversee their fund but ensure it was well managed by the bodies responsible just as she said workers should be given opportunity to align with PFAs that they can trust.

According to her “All over the world, pension matters are union’s priority issues.The funds are workers’ contributions and the beneficiaries are also workers, and irrespective of our current status, we must retire someday. We must not only oversee our fund, but also ensure that it is well managed. We must reinvigorate our fight to allow workers exercise their right to freely choose a PFA where their interest can be fully protected. We must defend their freedom to align with a PFA that they can trust.”

She thanked the health workers for choosing Trustfund as their PFA, arguing  that it was a generally accepted fact in the pension industry that Trustfund pensions remained a PFA that addressed workers’ concerns.

”This is because our operations are predicated on one belief that our most important asset in our quest for a unique service delivery is you.You and your family deserve peace of mind and financial security on retirement, and this is our sacred trust”,she added.

She said the objective of the Trustfund in organising the interactive forum with the MHWUN, was to leave behind scores of satisfied customers who were convinced that their tomorror was secured.

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