kelvyn7:


Bros no be so na.
If you dont know go and ask those working in persions office let them tell you. I dont need to google it.
Just walk into any stanbic IBTC pensions office and ask. they will completely educate you.

and you say "wait till retirement" when i know of a senior colleague who has retired and he is paid?

LikeAking:


The pension from private companies cant carry you till very old age.

They are just saving part of their workers salaries via all these pension mgt companies.By the time the worker will retire reccesion must of erroded the cash.
The money saved by private pension fund managers cant carry the retired workers for a long time after retirement.So it doesnt qualify as a pension.

You can calculate it.

The govt guys get real time pension in sync with the current economy till they die.

All this pension fund managers have infiltrated private companies with their pension things.

Kindly as them about my write up.

Calculate/forecast how much they will save for you in your portfolio and how many years that money will last you if your retire at the age of 57 and live till 85-90.Compare it to the govt guys.

The only benefit of working for any govt is pension.

LikeAking:



you one dey compare a private pension manager to govt?

How much was he paid?
Can the pension regulary for life?

I wont go to S-IBTC.

I go ask that you retired colleque.

But as your penion fund managers how long will your saved pension carry you after retirement?.

How much will they pay you when you retire?

solmus:



Lol you are so naive on how pension scheme now works

Who would you rather save your Pension with Government or Pension managers?

Almost all 36 states of the federation owes backlog of gratituity or pension, Osun State owes over 5 years, Oyo is just paying 2012 retirees pension and gratituity

However Federal workers on PENCOM schemes and Private workers get theirs in weeks after retirement.


No more arguements
kindly ask any retired senior citizen.

Govt might owe but they will still pay and they will be paid for life.

Govt and private pen schemes differ.
Govt pen is real.
why private pen is just a hype.

It doesnt qualify as pension.
how much do you think you will save in your pen scheme bf retirement?.

Can that money carry you for life.?

The govt contribute to the pension of workers,but private comps dont.




.

operationmoses:
You were born and brought up with a silver spoon and you are looking for a job all this nairaland nuisance self

fatymore:
Government job


Then add side hustle to it.

Most job in Nigeria doesn't have job security except government job.


I don't usually do this but let's help op

State job click like

Multinational click share

This is a close tie...

Government job still leading.

Polls end by 6pm

kelvyn7:


I won't argue with you bro.
I have personally done findings about this.
You are only assuming since you don't want to find out from pension management company. Kindly provide where you got you information or its safe to assume that what you know is "hear-say"
Just believe what you want

But note that pensions can also be paid for life here. It depends on the plan you take after retirement.

operationmoses:
You were born and brought up with a silver spoon and you are looking for a job all this nairaland nuisance self

tot:


What did he do with the huge pay? No investments? I think the accountability lies with him here, not necessarily the company. I also find it strange such a company does not have a pension scheme.

SeedofAbraham:
Good morning Nairalanders,

I've been having sleepless night recently as I've been confused in decision making due to the fact that I'm not well experienced about Job matters.

I presently got an offer at a State Public Service with GL 8 Salary Scale of 63k+ monthly (though it's poor) but with a rest assured constant Promotion every 3 years subject to success in Promotion Exercise. There's also hope that in the next 18 years, I'll get to the Directorate levels (GL 15 - 17) where the Pay Structure seems better with Jumbo rise compared to the poor salary structure of GL 7 - 14... Meaning that I'll have to endure till then before enjoyment start coming. Please note that in addition to Promotion every 3 years, this State Public Service don't owe workers salary as they pay in due time as we all know that Public Service has Job Security. Also, I hope by God's Grace that I become a Permanent Secretary if I decide to choose this path while enduring the Salary (I can switch to Federal Parastatals if the Job Offer comes up later though).

On the other hand, I'm about to get a Full time Staff offer from a Multinational Company (Headquarter is based in the US) with more than 120k Salary for a start. There's Career growth and the chance of living comfortably & enjoying life is cool compared to the State Public Service in terms of Salary. We all know that Private Organisations can decide to lay off workers at any time as there's no Job Security. Also, I don't know if Multinational Companies usually lay off only Contract Staff or they can decide to lay off Permanent Staff as well... Though, the Multinational Company have a Pension Scheme for their Staff & didn't lay off workers during this COVID-19 Pandemic as they were operating during the lockdown since they provide essential services.

I wasn't born & brought up with a Silver Spoon and I never pray to struggle in life henceforth as Poverty must die. I'm a Second Class Upper graduate with proven abilities and outstanding performance as I'm a Problem Solver.

I need the assistance of experienced Nairalanders as your advice and point of views with detailed explanations will be highly appreciated.

ruggedtimi:
Funny enough you can take the two jobs

sogamica:
Bros State Civil Service not even Federal dont make that mistake go for multinationals and have agood culture of saving and investing you will be fine. Civil service job will make u unproductful its a waste of time

SeedofAbraham:
Good morning Nairalanders,

I've been having sleepless night recently as I've been confused in decision making due to the fact that I'm not well experienced about Job matters.

I presently got an offer at a State Public Service with GL 8 Salary Scale of 63k+ monthly (though it's poor) but with rest assured constant Promotion every 3 years subject to success in Promotion Exercise. There's also hope that in the next 18 years, I'll get to the Directorate levels (GL 15 - 17) where the Pay Structure seems better with Jumbo rise compared to the poor salary structure of GL 7 - 14... Meaning that I'll have to endure till then before enjoyment start coming. Please note that in addition to Promotion every 3 years, this State Public Service don't owe workers salary as they pay in due time as we all know that Public Service has Job Security. Also, I hope by God's Grace that I become a Permanent Secretary if I decide to choose this path while enduring the Salary (I can switch to Federal Parastatals if the Job Offer comes up later though).

On the other hand, I'm about to get a Full-time Staff offer from a Multinational Company (Headquarter is based in the US) with more than 120k Salary for a start. There are Career growth and the chance of living comfortably & enjoying life is cool compared to the State Public Service in terms of Salary. We all know that Private Organisations can decide to lay off workers at any time as there's no Job Security. Also, I don't know if Multinational Companies usually lay off only Contract Staff or they can decide to lay off Permanent Staff as well... Though, the Multinational Company have a Pension Scheme for their Staff & didn't lay off workers during this COVID-19 Pandemic as they were operating during the lockdown since they provide essential services.

I wasn't born & brought up with a Silver Spoon and I never pray to struggle in life henceforth as Poverty must die. I'm a Second Class Upper graduate with proven abilities and outstanding performance as I'm a Problem Solver.

I need the assistance of experienced Nairalanders as your advice and point of views with detailed explanations will be highly appreciated.

DaddyGngeess:
Though I have never work for anybody in my entire life but my own advice is you should go for state because is gives you garranty for life, i have an uncle that retires last year from Lagos state
he was paid close to 7m this year for pension, again the way this country is going government workers are improving cos I remember many years back when there is nothing for them, if you wanna go for the other you should learn how to invest later because anything can happen.

Peace.

SeedofAbraham:
Good morning Nairalanders,

I've been having sleepless night recently as I've been confused in decision making due to the fact that I'm not well experienced about Job matters.

I presently got an offer at a State Public Service with GL 8 Salary Scale of 63k+ monthly (though it's poor) but with a rest assured constant Promotion every 3 years subject to success in Promotion Exercise. There's also hope that in the next 18 years, I'll get to the Directorate levels (GL 15 - 17) where the Pay Structure seems better with Jumbo rise compared to the poor salary structure of GL 7 - 14... Meaning that I'll have to endure till then before enjoyment start coming. Please note that in addition to Promotion every 3 years, this State Public Service don't owe workers salary as they pay in due time as we all know that Public Service has Job Security. Also, I hope by God's Grace that I become a Permanent Secretary if I decide to choose this path while enduring the Salary (I can switch to Federal Parastatals if the Job Offer comes up later though).

On the other hand, I'm about to get a Full time Staff offer from a Multinational Company (Headquarter is based in the US) with more than 120k Salary for a start. There's Career growth and the chance of living comfortably & enjoying life is cool compared to the State Public Service in terms of Salary. We all know that Private Organisations can decide to lay off workers at any time as there's no Job Security. Also, I don't know if Multinational Companies usually lay off only Contract Staff or they can decide to lay off Permanent Staff as well... Though, the Multinational Company have a Pension Scheme for their Staff & didn't lay off workers during this COVID-19 Pandemic as they were operating during the lockdown since they provide essential services.

I wasn't born & brought up with a Silver Spoon and I never pray to struggle in life henceforth as Poverty must die. I'm a Second Class Upper graduate with proven abilities and outstanding performance as I'm a Problem Solver.

I need the assistance of experienced Nairalanders as your advice and point of views with detailed explanations will be highly appreciated.

peterinah:



How can i work for 35yrs to be paid 7mil for pension. when i can archive that in 7yrs with a multinational.
My brother this guys comment is just the advice you need.

peterinah:



How can i work for 35yrs to be paid 7mil for pension. when i can archive that in 7yrs with a multinational.
My brother this guys comment is just the advice you need.

SeedofAbraham:
Good morning Nairalanders,

I've been having sleepless night recently as I've been confused in decision making due to the fact that I'm not well experienced about Job matters.

I presently got an offer at a State Public Service with GL 8 Salary Scale of 63k+ monthly (though it's poor) but with a rest assured constant Promotion every 3 years subject to success in Promotion Exercise. There's also hope that in the next 18 years, I'll get to the Directorate levels (GL 15 - 17) where the Pay Structure seems better with Jumbo rise compared to the poor salary structure of GL 7 - 14... Meaning that I'll have to endure till then before enjoyment start coming. Please note that in addition to Promotion every 3 years, this State Public Service don't owe workers salary as they pay in due time as we all know that Public Service has Job Security. Also, I hope by God's Grace that I become a Permanent Secretary if I decide to choose this path while enduring the Salary (I can switch to Federal Parastatals if the Job Offer comes up later though).

On the other hand, I'm about to get a Full time Staff offer from a Multinational Company (Headquarter is based in the US) with more than 120k Salary for a start. There's Career growth and the chance of living comfortably & enjoying life is cool compared to the State Public Service in terms of Salary. We all know that Private Organisations can decide to lay off workers at any time as there's no Job Security. Also, I don't know if Multinational Companies usually lay off only Contract Staff or they can decide to lay off Permanent Staff as well... Though, the Multinational Company have a Pension Scheme for their Staff & didn't lay off workers during this COVID-19 Pandemic as they were operating during the lockdown since they provide essential services.

I wasn't born & brought up with a Silver Spoon and I never pray to struggle in life henceforth as Poverty must die. I'm a Second Class Upper graduate with proven abilities and outstanding performance as I'm a Problem Solver.

I need the assistance of experienced Nairalanders as your advice and point of views with detailed explanations will be highly appreciated.

Lavisha:
You've said it all..

We are in the same ship, I took the Multinational job with six figures and I'm good.

Meanwhile, you can learn more from the Multinational company; it's like a training ground where you can be competitive and sharpen your intelligence for bigger Job opportunites but in a state job, you'll become redundant like a fhucking shittt and end up taking bribes and dealing with corrupt jackasses.

My poor old parents were civil servants, I never wanna tread that way too.

Anyways, Godspeed!