PenCom to prosecute defaulting employers, recovers N19.29bn unremitted pensions

1 month ago 20

The National Pension Commission says it has recovered N19.29bn monthly pensions deducted by employers from employees’ monthly emoluments but not remitted to the Retirement Savings Accounts with their respective Pension Fund Administrators. Figures obtained from PenCom’s quarterly report on Tuesday showed that the recovery included unremitted contributions and sanctions. PenCom also disclosed its plan to…

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