BY NKECHI NAECHE-ESEZOBOR–The National Pension Commission (PenCom) said
it issued 10,417 Pension Clearance Certificates (PCCs) to organizations out of 10,700 applications received in the second quarter of 2021.
PenCom stated this in its second quarter 2021 reports, that 283 applications were in the approval process as at 30 June 2021.
The commission added that in the period under review contingent withdrawals were processed and approved for six PFAs amounting to N1,992,674.30 from nine MPP contributors during the quarter.
It also reported that nineteen PFAs registered 3,555 contributors under the Micro Pension Plan (MPP) during the second quarter of 2021.
According PenCom, during the quarter, 27 micro pension participants converted to the mandatory CPS and the sum of N834,172.19 was transferred to their respective RSAs, adding that in addition, 17 micro pension contributors converted the contingent portions of their RSAs amounting to N703,922.90 to retirement benefits.
.
