Why workers should have savings

Many workers are unaware of the goal of pension, as they misconstrue it for the income they can have access to and use for various business ventures, build or buy a house, or expend on other commodities. They are unaware that pension is a regular income received by a person at retirement when he or she stopped working having reached a certain age or based on health condition to cater for his or her needs at old age. They are also unaware that pension savings is just one out of many savings they should have. The Director-General, National Pension Commission (PenCom), Mrs Aisha Dahir, clears the air on the misinformation. The Nation