The Pension Fund Operators Association of Nigeria says the deployment of recovery agents and the whistleblower policy by the National Pension Commission is already yielding positive results in the nation’s pension scheme.
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The Chief Executive Officer of PenOp, Mr Oguche Agudah, at a virtual session on Tuesday, said the sector was already witnessing increased levels of compliance in pension remittance by many employers as a result of the programmes.
The session was tagged “Ask Me Anything” organised by the operators to create awareness on activities and operations of the Contributory Pension Scheme in the country.
Mr Agudah said that before now, there were several cases of non-pension remittance by many employers in the country.
He said that the result of the strategies adopted by PenCom was yielding results as many employers were complying unlike before.
PenCom in August had disclosed that it has recovered a total of N24.53 billion from 34 defaulting employers who failed to remit deducted pension contributions to their respective Pension Fund Administrators as required by law.
“PenCom goes after these employers using recovery agents when it notices that the employers no longer contribute and ensures they are fined as well remit the outstanding amount which has not been remitted for their employees,” he said.
Mr Agudah also explained that the Micro Pension...
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