BEDC educates retirees on financial prudence/investments in Edo

The Benin Electricity Distribution Company (BEDC) on Wednesday organised a seminar for its retiring staff in collaboration with Stabic IBTC Pensions in Benin.

The Head, Human Capital Management of BEDC, Dr Obinna Obi, said the event is designed towards making the staff understand the various administrative formalities and preparation for life after retirement.

Obi noted that one of the company’s priorities is to educate the retirees on financial prudence and investments.

He stated that in order to make life after retirement hitch free for staff, the company engaged the services of Stanbic IBTC Pensions to enlighten the staff on ways to convert their pensions into sustainable business investments.

According to Obi, BEDC has paid the death benefits of its deceased staff to their next of kin.

“The management of BEDC has taken the policy of payment of death benefit to families of deceased seriously, because BEDC always has the best interest and welfare of her staff at heart,” he said.