Pension

PenCom Issues Pension Clearance Certificates To 9,299 In Q1 2021 *Remits N41.9 billion To 163,286 RSA Holders

Director General, PenCom, Aisha Dahir-Umar

BY NKECHI NAECHE-ESEZOBOR–The National Pension Commission (PenCom) said it received a total of 14,741 applications from private sector organizations for the issuance of Pension Clearance Certificates (PCCs).

This is contained in the commission’s first quarter report for 2021 that out 14,741, PCCs were issued to 9,299 organizations while 5,442 applications were being processed.

The report also added that a total of N41,971,011,350.51 billion was remitted into the Retirement Savings Accounts of 163,286 employees of the 9,299 organizations.

On refund of pension contributions to military personnel and employees of the state security agencies, the commission said it granted approval for refund of N1,595,008.24 million to 25 personnel of the military and other Security Agencies who were exempted from the Contributory Pension Scheme.

On supervision of the Pension Transitional Arrangement Directorate (PTAD), the commission said during the quarter it continued to monitor the payment of pensions to Public Service retirees under the Defined Benefits Scheme (DBS) through monthly statutory returns rendered by the PTAD.

While noting complaints received from DBS pensioners were forwarded to PTAD for resolution.

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