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Premium Pension pays over N300bn benefits

Speaking at the forum, Oluwashina said, “The industry today has over N20tn and Premium Pension is proud to say that we account for over N1.2tn of it. The industry has paid out trillions of naira in benefits and we are happy to say that Premium Pension has paid out over N300bn in pension benefits since we started.

“Premium Pension pays over a billion naira in total withdrawals every single month to over 25,000 retirees and we are happy to be part of the successes recorded in the pension industry.”

Highlighting how the Pension Reform Act has changed the narrative for retirees, Oluwashina said having conversations about how to do better was critical.

She stated, “I was looking at PENCOM’s Q1 report. We paid over a trillion naira as an industry in pension benefits. Apart from the fact that we have over N20tn in assets. We have paid over a trillion naira under programme withdrawal, the same thing under annuity. A trillion naira is not small money in any standard or any currency.

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