The National Pension and Provident Fund (NPPF) has been a vital part of financial security for many, including me. My time with NPPF was not just professional but also deeply personal, giving me insights into its role in ensuring economic stability and fostering a culture of saving. The term NPPF from my understanding is helping people retire with dignity and financial independence. During my time here, I saw its operations, met its dedicated team, and witnessed the positive impact it had on people’s lives. Â
We understood that NPPF mainly focuses on providing both pensions and provident funds. Pensions ensure long-term security after retirement, while provident funds act as savings for life’s critical moments. These dual roles show how NPPF supports both immediate and future financial needs. My time there helped me understand how these systems are interlinked to provide holistic financial support.Â
Working with NPPF was inspiring. Interacting with members showed me how much the institution’s efforts mattered. Simplifying processes, improving digital tools, and conducting outreach programs made a big difference to members. Hearing their gratitude was a reminder of the importance of NPPF’s mission (Managing retirement schemes, which are inclusive, adequate, innovative and sustainable and managing funds through prudent investment to enhance sustainability of the scheme).Â
NPPF’s operations are well-organized and efficient. Its investment strategies balance risks and returns, with funds managed in equities, bonds, and real estate. Governance is strong, with transparent decision-making and stakeholder involvement ensuring the system works effectively. Some of the challenges that it faces are like sustaining funds as people live longer and ensuring more people understand its benefits. It addresses these through initiatives like linking retirement age to life expectancy and using technology for better outreach. Flexible contribution options for non-traditional workers also help make the system more inclusive.Â
I learned the importance of balancing immediate needs with long-term goals in financial management and also that the age for getting a pension for the government employees has been increased by up to 23 years which is an increase of 3 years compared to the previous years. The teamwork and dedication I experienced at NPPF taught me the value of collaboration and transparency. These lessons continue to guide me in my personal and professional life.Â
My internship days in NPPF were meaningful and rewarding. The institution’s commitment to helping people retire with dignity is inspiring. Looking back, I am grateful for the opportunity to be part of such an impactful organization and looking forward to work in the organization in the near future. It has left a lasting impression on me, showing the power of collective effort and the importance of social security systems.
Tenzin Wangmo
Final Year Student at Sherubtse College.