Two insurance Firms, African Alliance Insurance and Mutual Benefit Life Assurance recently paid a total of N12.24 million to the leadership of the Redeemed Christian Church of God and Redeemers University (RUN) as claims for group life insurance of their workers.
According to information obtained from the Nigerian Insurers Association (NIA), RCCG got N8.05 million claims from African Alliance Insurance Plc while Redeemers University got N4.19 million from Mutual Benefits Life Assurance Limited.
The Global General Overseer of the Church, Pastor Enoch Adeboye, said as part of welfare package for the church workers, the church had intended to run a stipulated lifetime 100 per cent salaries to its pensioners, stressing that the initiative was halted by the government.
“For example, when I decided on what will be the pension of our pastors, what I decided is not done anywhere in the world. That somebody will retire and continue to earn full salaries all his lifetime.
“This, I started, but government stepped in and made a law that we should be contributing to pension fund.
“We have to obey and we started doing that. The result is that pastors don’t get as much as they were getting under our own previous arrangement.
“We have to obey and we started doing that. The result is that pastors don’t get as much as they were getting under our own previous arrangement. But, what can we do? We have to obey the law,” he said.