Business
Pension Administrator Doles Out N1bn Welfare Package To Retirees
The NPF Pensions Limited paid over N1 billion as welfare assistance to 8,695 retired police officers awaiting their pension entitlements in the last two and half years.
Investigation by The Tide revealed that the money was part of the company’s Retiree Resettlement Support Scheme.
The company sets aside N500 million annually to provide succour to retired police officers who have not received their pension benefits due to non-remittance of their accrued rights.
The scheme was introduced in January 2017 to provide assistance to all police retirees registered with the company immediately they retired and submit their documentation.
The retirees‘ accounts are credited immediately upon request while awaiting the remittance of their accrued rights by the Federal Government and it is given free.
The welfare package is the first ever welfare package to retirees by any pension fund administrator in the country.
From the scheme’s implementation to date 8,695 Police retirees have received over N1 billion from the earnings of the company.
The company was established in 2014 and commenced payment of retirement benefits to Police retirees from January 2016.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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