Saturday, 20 December 2014

LMC Preaches Pension Fund for League Players

The League Management Company (LMC) launched a communications campaign promoting the institution of of a Contributory Pension Fund for Players by the 20 Glo Premier League Clubs.
The audio-visual campaign which has been posted on the new Nigeria Professional League website ( depicts two retired players who are having opposite post-career experiences.
In the video, one of the players who was smart to have subscribed to a pension scheme while in active football was shown to be flourishing and living a good life while the other player who had no pension plan was in poverty, riding on commercial buses and calling his friend for a loan.
Commenting on the campaign, Chairman of the LMC, Hon. Nduka Irabor said, “Players are the most valuable assets of the League and the League Management Company (LMC) is very interested in their welfare not just during their active career years but also in their post career well-being. ”
He said the government of Nigeria recognises the importance of compulsory pension savings and has encouraged both the private and public sectors to embrace pension scheme for the workforce.

Irabor concluded by saying, “The LMC strongly recommends the immediate adoption of the Contributory Bridging Pension scheme by Clubs for their players and other employees. It is the Law-Pension Reform Act, 2014.Let us work together today to safeguard the future of our footballers.

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