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ARTICLE · 22 NOVEMBER 2022

BOV Introduces A Voluntary Occupational Pension Scheme For Its Staff

Finance Malta
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As part of its strategy to strengthen its position as employer of choice, Bank of Valletta introduced a workplace pension scheme for its employees, the BOV VOPS.

MaltaFinance and Banking
Finance Malta
Finance Malta
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by Bank of Valletta


A Vote of Confidence in the Commitment and Loyalty of Employees

As part of its strategy to strengthen its position as employer of choice, Bank of Valletta introduced a workplace pension scheme for its employees, the BOV VOPS. This is a second-pillar Voluntary Occupational Pension Scheme (VOPS) that is intended to supplement the state pension so that employees can maintain the desired standard of living during their retirement years.

The scheme was presented to employees during three offsite information sessions. In his introduction, BOV Chairman Dr Gordon Cordina stated that "at BOV, we strongly believe that our people are our most valuable asset. Employees are encouraged to invest their talents and hard work to grow and strengthen the Bank. Similarly, the Bank is using VOPS as a tool to invest in its people's future. This scheme, which is the result of months of cross functional collaboration across the Bank, is a unique way of showing

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