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4 October 2021

Only 24,084 employers have pension, insurance for workers

Only 24,084 employers have pension accounts and insurance covers for their employees as of the end of September 23, the National Pension Commission has said. PenCom said this in its report titled ‘Schedule of employers issued with certificates of compliance with provisions of the PRA 2014 as at 23 September 2021’.

Only 24,084 employers have pension accounts and insurance covers for their employees as of the end of September 23, the National Pension Commission has said. PenCom said this in its report titled ‘Schedule of employers issued with certificates of compliance with provisions of the PRA 2014 as at 23 September 2021’. The certificates given to the employers allowed them do business with the Federal Government and expire on December 31, 2021. This was for complying with the National Pension Act’s laws which stipulated that employers with at least three employees must have pension accounts and life insurance cover for their employees. - The Punch online.