Retirees abandon retirement pension plan over failed scheme

By Rosemary IwunzeRetirees may have abandoned the Retiree Life Annuity, RLA, pension payment plan following the crisis that hit the segment last year.RLA is a stream of monthly or quarterly pension payments to a retiree who opted for the plan through an approved Life Assurance Company.Financial Vanguard learnt that most retirees that had opted for the plan through African Alliance Insurance Company Plc are yet to receive their payments following the technical insolvency it declared last ye