Ajaero: the Value

Ajaero said the value of retirement savings could decline significantly when inflation remained high, stressing the need for pension policies to take inflation into account.

stakeholders urged workers to plan early for retirement and develop multiple sources of income to cushion the effects of rising living costs after active service.

Arabi said the Federal Government had introduced reforms aimed at improving retirement welfare, including interventions on exit benefits and measures to strengthen the pension system.

Arabi said the development had significant implications for retirement policy and made it necessary to extend pension planning beyond civil servants and corporate employees.