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28 February 2022

N2.55bn unremitted pensions recovered in 2021, says PenCom

The National Pension Commission has said it recovered N2.55bn pensions deducted by employers from employees’ monthly emoluments in 2021 but not remitted to the Retirement Savings Accounts with their respective Pension Fund Administrators.

The National Pension Commission has said it recovered N2.55bn pensions deducted by employers from employees’ monthly emoluments in 2021 but not remitted to the Retirement Savings Accounts with their respective Pension Fund Administrators. Data obtained from PenCom’s latest quarterly report on Thursday showed that the recovery included unremitted contributions and sanctions.  - The Punch Online