By David Akinmola
Great Nigeria Insurance (GNI) has assured annuitant that all approved pension adjustments will be credited to their accounts immediately the funds are released by the Federal Government, reinforcing its commitment to timely and uninterrupted retirement payments.
The insurer gave the assurance at its third Retirees’ Experience Forum held in Lagos, following concerns raised over the recent joint circular issued by the National Pension Commission (PenCom) and National Insurance Commission (NAICOM) on the treatment of additional inflows into the Retirement Savings Accounts of retirees already on annuity.
The regulators directed full compliance with new guidelines requiring Pension Fund Administrators to notify retirees of new deposits and remit inflows of N100,000 or less directly into their bank accounts, while higher inflows must be applied toward annuity enhancement or paid as lump sums, depending on the retiree’s current payout level.
Addressing retirees, Managing Director, GNI, Mrs. Roselyne Ulaeto, said the company is fully aligned with the new regulatory directive and prepared to unplrment them proptly.” Be rest assured that once the inflows promised by the Federal Government come in, the N32,000 mentioned will be added immediately,” she said, “We will notify you via email or SMS, and you will receive your alerts without delay. Once the PFAs transfer the inflows to us, your RSAs will be credited at one.”
Ulaeto, acknowledging the economic pressures facing retirees, noted that inflation, though casting still erodes household purchasing power.
She stressed that the insurer remains committed to maintaining consistent and uninterrupted monthly payouts, describing the company as a “trusted ally” to annuitants and reaffirming its dedication to ensuring a “dignified, peaceful, and meaningful” retirement journey.
The Lagos State Pension Commission (LASPEC) also commented on GNI for its service delivery.
The Head of the Inspectorate Department, Mrs. Olaseni Eze-Okorofor, praised the insurer’s responsiveness and commitment to retirees. Despite inflationary pressures and the strain on organizations, the insurer continues to prioritise annuitants. They gather retirees, they engage them, and they ensure their concerns are addressed,” she said.
Several retirees used the forum to seek clarity on whether the new inflow guidelines apply to both federal and state pensioners and to express concerns about delayed adjustments for retirees under the state contributory pension scheme.
Others commended GNI for its responsiveness, professionalism, and support in resolving pension-related issues.
The forum also featured a health awareness session led by Dr. Bukola Atum, who advised retirees on proper nutrition, medication adherence, and regular medical checkups, emphasizing that well-being in retirement requires disciplined lifestyle choices.
