Course Overview
Nigeria’s pension legal framework has undergone multiple changes since the first legislative act on pension in 1951 called the Pension Ordinance, which had retroactive effect from 01 January 1946. The last major change was in 2004 with the enactment of the Pensions Reform Act (PRA 2004),
which introduced the Contributory Pension Scheme (CPS) and made it mandatory for employers and employees in both the public and private sectors to contribute towards the retirement benefits of employees.
The conference will provide a platform for participants to share their experiences and learn from the best practices in pension systems in the country, and explore innovative approaches to pension design and regulation that leverage technology, behavioural economics, and other emerging trends.
Overall, the conference will contribute to the development of a more sustainable and secure pension system in Nigeria that ensures dignity and financial security in retirement for all citizens.
Conference Outline:
I. Introduction
II. Understanding the State of Pension Systems in Developing Countries
III. Designing Effective Pension Systems
IV. Regulation and Governance
V. Innovations in Pension Systems
VI. Case Studies and Best Practices
VII. Conclusion and Way Forward
ACCOMMODATION:
This conference is non-residential. Participants are to lodge in hotels of their choice near the Training centre. A list of these Hotels will be provided on request.
The Federal Government of Nigeria has embarked on pension reforms in both the public and private sectors of the Nigerian economy. The purpose of the reforms is partly to shed the burden of pension payment liabilities, harmonize pension schemes in both sectors of the economy, ensure viable investment of pension funds and effect prompt payment of pension benefits.
The reforms have created mixed feelings among Nigerian workers. There was at the outset a strong feeling among a segment of the workforce that they may lose out in the current dispensation of reforms. There is no doubt that the new pension scheme has come to stay. It is necessary to have an informed dialogue on the new pension scheme and its benefits to the workers, the employers and the Nigerian economy.
Retirement is within reach and it's time to get serious about it! This workshop will shed more light on the administration of benefits, deductions and management of employees’ entitlement under the contributory pension scheme. It will also provide you with the information and resources you need to help you map out your retirement plan and introduce you to post-retirement Strategy.
Topics discussed during this workshop include:
Bursars, Pension Desk Officers and Managers, Head of Personnel, Heads of Payroll, Human Resource Managers, Pension Fund Administrators, Pension Regulatory Agency, Accountants, Auditors, and others who perform related functions in both Public and Private Sectors
Lecture, discussion, group work, case study and exercises. Audio-visual aids will be used to reinforce these learning methods.
The Federal Government of Nigeria has embarked on pension reforms in both the public and private sectors of the Nigerian economy. The purpose of the reforms is partly to shed the burden of pension payment liabilities, harmonize pension schemes in both sectors of the economy, ensure viable investment of pension funds and effect prompt payment of pension benefits.
The reforms have created mixed feelings among Nigerian workers. There was at the outset a strong feeling among a segment of the workforce that they may lose out in the current dispensation of reforms. There is no doubt that the new pension scheme has come to stay. It is necessary to have an informed dialogue on the new pension scheme and its benefits to the workers, the employers and the Nigerian economy.
This is required for appropriate response by Nigerian managers and workers and management of the new pension scheme. These form the rationale for this conference This workshop covers in-depth understanding of pension plans and the different types of plans, the role of major stakeholders from pensioners to investment advisors as well as the impact and implications for these funds, from the global and regional economic downturn. Detailed information is also provided on modern investment strategies and pension management process with special focus on the investment policy statement and asset allocation.
Who should attend?
Pension Desk Officers and Managers, Human Resource Managers, Pension Fund Custodians and Administrators, Pension Regulatory Agency, Accountants, Auditors, Lawyers, and others who perform related functions in both Public and Private Sectors
Workshop Profile
A Retirement Savings Account (RSA) is a Defined Contribution Plan required under the Pensions Reform Act 2014. It can be opened by every employee in an organization with 3 staff or more. This training works you through the entire process of a retirement saving account, with no stones unturned.
Features/Outlines
Who Will It Benefit?
All Employees, Professionals, Employers of labor, Administrators, Directors, and Ceo’s.
This workshop training is tailored towards all employees approaching retirement shortly, or in a few years’ time; they will confront real economic issues after their years of employment in their respective organizations. The course shows that retiring from corporate employment needs not become a calamity. It also introduces participants to post-retirement Entrepreneurship, as they are taken through an orientation of “entrepreneurial personality” which, rather than being characterized by a propensity for risk taking, will among other things focus on one thing – “opportunities maximization.”
Delegates will learn a number of entrepreneurial logics and be made to dig deep into ideas - underlying a product or service they could think of venturing into, prepare such ideas, getting started, and keeping it going with commitment.
Learning Outcomes
The workshop will also give the participants ways to:
Course Outline
General Retirement Orientation
Investments
Can You Run Your Own Business?
Entrepreneurship
Nurturing a Business for Profitability
Financial Information
Business Strategy
Selling and Marketing
The Product/Service Pricing Principles
The Retiree’s Job Description as a Business Owner
Finding the Right People
Keeping the Company Legal
Locating the Business - the considerations.
Investment Guides
Investment specialists will be brought in to give investment orientation, current opportunities and guides to the participants.
Health and Leisure
Who Should Attend
Both leadership and management in the 21st Century are becoming increasingly more complex. Typically, organizations in both the public and private sectors are facing changes driven by political, economic, sociological, technological, legal and environmental issues.
In order to successfully meet these challenges organizations, need to ensure that their leaders and managers at all levels have a comprehensive understanding of their roles, goals and required competencies. This Leadership and Management Skills training course is focused on meeting this requirement.
You will learn about:
Managers, business professionals, and individuals who have decided to master the tools and tactics of adaptive leadership in a world where change has become the only constant.
This course features the use of interactive exercises in order to allow participants to develop strategies that will help them improve their competencies in adaptive leadership. The course also relies on the analysis of case studies and real-life examples from the business world.
This Conference is non-residential. Participants are to lodge in hotels of their choice near the conference centre. A list of these Hotels will be provided on request.