CPIN To Award Individuals, Firms On Contributions To Pension Growth

The Chartered Pension Institute of Nigeria (CPIN) is set to award distinguished individuals, organisations and entities of the federal and state governments who have contributed to the growth of pension industry in the country.

The awards, which will be conferred on the would be recipients at CIPN induction programme billed for June 27, 2024, in Lagos, was to commemorate 20 years of Contributory Pension Scheme (CPS) in Nigeria.

The executive secretary/chief executive officer(CEO), Dr. Samson Akinyemi said, the award is to recognise their contributions toward the growth of the Nigerian Pension Industry and the economy.

Submitting that the institute would also honour top management staff of some States, Pension Fund operators and other private organisations, who have long years of experience and contributions toward the development of the pension industry, he stated that, practitioners who have spent about 20 years or more in the pursuit of their career within and around the sector would equally be honoured.

Dr. Akinyemi noted that, membership of the institute is opened to the general public provided that such interested persons possess the prescribed qualifications and

requirements for membership.

He said, the position of fellow is the highest level of membership of the Institute, stressing that, to become a fellow, the candidate must have satisfied the council that he/she has possessed the Associate Certificate of the Institute for not less than seven years immediately preceding the date of application, and that in addition, he or she must be the holder of approved academic qualifications cations and has creditably held a senior management position in a pension management company or related company or a senior lecturer in higher educational Institution for a period of not less than seven years.

The CEO maintained that, to become an associate of the Institute, the candidate must have been employed in a pension management or related field and has passed the prescribed examination of the Institute and is also a fit and proper person to be enrolled in the register. To write the associate examination, such person, he said,

must possess a minimum of university first degree/HND or PTIC of the Institute.

He added that under-graduates of Nigerian universities or school certificate holders who are employees of pension management companies can apply for the Pension Technician Certificate.

The Certified Pension Institute of Nigeria (CIPN) was established in 1991 and got incorporated with Corporate Affairs Commission (CAC) in 2003.