At the time when the social and economic climate is at odds with a majority of financial institutions in the restive Northwest and Southwest regions, the CBC Health Services Health Board Pension Plan (HBPP) has been remarkable in her performance to stay above waters. The HBPP annual Board meeting of July 3, 2021 recognized this fact and congratulated the management team for a job well done.
In the words of the Board chairman, Prof. Tih Pius Muffih, “The HBPP Manager and his team have worked hard and well like good baby sitters who deserve a pad on the back by the parents of the baby,” which in this case is the Board acting on behalf of the over 3000 clients in the Pension Scheme.
In his report to the Board meeting, the HBPP Manager, Mr. Kwieh Elvis Mbounda revealed that the pension scheme witnessed financial growth of 10.6 percent in 2020 and an increase of 2 percent in the number of clients that moved from 3.227 in 2019 to 3.273 in 2020. The scheme also made significant progress in clients’ contributions and loan disbursement. Summarily, the HBPP realized 85 percent of her goals in 2020, the Coronavirus pandemic and the Anglophone crisis impeding growth, notwithstanding. With this positive balance sheet, the Board approved that 70 percent of interest raised be shared to members as motivation, however small it may be.
Another major achievement in the 2020 goals was the purchase of a brand new 4×4 hilux vehicle to facilitate office business and field trips. Perhaps, the most challenge besides COIVID-19 and the Anglophone crisis was the difficulty of getting ex CBCHS workers to pay their loans. The Board urged management not to relent in having them to pay.
As the 2021 goals are well under implementation, the Board approved 11 new goals for 2022. These include among others: improve on timely disbursement of cash on approved receipts, reschedule loan repayments by 90 percent for those coming back from school, intensify by 100 percent internal controls for effective, efficient and proper management, increase membership by 5 percent, improve office space and provide furniture and equipment for the new offices and visit 70 percent of CBCHS institutions to meet the need of clients.
The HBPP is a common initiative banking structure within the CBC Health Services. It is managed by a management committee that implements the decisions of the Board comprising four Hospital Administrators, a representative of medical doctors, a representative of chiefs of center, a staff represent from each station with more than 200 HBPP clients and two staff representatives from a station with more than 300 HBPP clients, the Personnel Manager, the Chief of Administration and the Director of Health Services. The mandate of HBPP Board is 4 years.
It should be noted that the current HBPP Board came to the end of her 4-year term. For this reason, the Board chair, Prof. Tih Pius congratulated the outgoing members for the significant progress made by the scheme during their tenure, thanks to their ingenuity and bright ideas. He wished them well in the upcoming staff representative elections coming up in the months of October and November so that some of them could return to the Board. The outgoing members also thanked management for the opportunity to contribute their quarter to the development of the scheme.
Banso and Mbingo Baptist Hospitals and their health centers were congratulated for having the highest number of staff enrolled into the HBPP while Mboppi Baptist Hospital Douala and Baptist Hospital Mutengene and their health centers were entreated to sit up by educating more staff to enroll into Pension Scheme and reap the benefit of “Plan well, Retire happily!”