The Public Service Pension Fund office was delighted to host students of the Business Studies class at the Anguilla Community College on Tuesday, May 28, 2019. The students are currently pursuing the topic Managing Personal Finances. As a part of this course they were required to explore various financial products and services at local financial institutions. As part of their research, they visited the Public Service Pension Fund office. The student participants were Chantè Richards, Natasha Victor, Perla Beriguetes Meson and Jordan Hodge. The students were accompanied by their teacher Ms. Annishka White. The Administrator, Mrs. Monifa Brooks-Gumbs and the Finance Manager, Mr. Girdon Connor facilitated the students’ visit.
During the visit, the students received information and participated in a discussion on the topics listed below.
- Overview of the Public Service Pension Fund
- Legislation, Board membership and staff
- Definitions- pension, gratuity
- Retirement Ages
- Contribution rates
- Pension Fund Loan Programme
- How it works?
- What is a loan?
- What is interest?
- Types of loans
- Definitions- declining balances, monthly payment, collateral and security
- Tips for borrowing
- Budgeting and Personal Finances
- What is a budget?
- Importance of budgeting
- Steps to successful budgeting
The Public Service Pension Board and Fund are pleased to have assisted in the educational development of our youth, especially in the area of Personal Finances.