The Management and staff of the CBC Health Board Pension Plan (HBPP) have been congratulated for working hard to sustain the scheme at a moment when many financial organizations are almost folding up under the weight of the deepening economic and socio-political crisis in the country. HBPP Board Chairman and Director of Health Services, Prof. Tih Pius Muffih made the commendation on June 11 in Bamenda during the Annual Board Meeting for 2020.
Prof. Tih on behalf of the HBPP Board noted with satisfaction the statistical evolution for 2019 as a clear indication that the staff have been working hard to grow the scheme from a mustard seed into a dependable structure. In 2019, the over 3000 clients of HBPP improved in their contributions by 8 percent, loans evolution increased by 18 percent and clientele grew from 3.165 in 2018 to 3.227 in 2019 representing 2 percent.
Prof. Tih wished he was still younger and entering service to make better use of the scheme whose objective is to accompany CBCHS staff to prepare for retirement without stress by saving and taking good loans to enable them carry out capital projects such building a house. On this premise, the Board chairman challenged delegates to the HBPP Board to encourage those staff who are still dragging their feet to enroll and take advantage of their membership. He regretted the absence of delegates from Banso and Mbingo Baptist Hospitals who could not attend due to circumstances beyond their control.
In his report, HBPP Manager, Mr. Kwieh Elvis Mbounda announced that the scheme realized 80 percent of the nine goals set in 2019. “The present balance sheet is a testimony of the path covered over the years. Today, the balance sheet of the scheme is more stable and keeps improving,” Elvis noted to the satisfaction of the Board.
The HBPP Manager looks up with optimism to administration and clients to embark the 10 goals set out for 2021. These include among others, timely disbursement of cash on approved receipts, granting of eligible loans by 100 percent, increase membership by 12 percent, intensify education and sensitization through training programs and periodic visits to the field and work with management to increase office space among others.
It should be recalled that the HBPP is a common initiative banking structure within the Health Services of the Cameroon Baptist Convention, showcasing the fundamental principle of Christian values in the banking sector. The scheme has over the years nurtured and matured her clients, who are drawn from all the levels of the CBCHS, economically and socially. HBPP currently has five staff to serve her clientele spread in all the CBCHS institutions in Cameroon.
Delegates to the HBPP Board are lead staff representatives from CBCHS major stations, representatives of medical doctors, Hospital Administrators and bursars, the Internal Auditor, the Personnel Manager, the Chief of Administration and Finance and the Director of Health Services. The Board validates the activities of the management team, takes decision for implementation by the management team and approves goals for the scheme. The mandate of Board members is 4 years renewable.