Aisha Dahir-Umar, DG PenCom
BY NKECHI NAECHE-ESEZOBOR–The National Pension Commission (PenCom) said 29 defaulting employers have been recommended for appropriate legal action over their failure to contribute and remit pension funds for their workers.
PenCom stated this in its third quarter 2021 reports, adding that following the issuance of demand notices to defaulting employers whose pension liabilities were established by the Recovery Agents (RAs), the sum of
N559,347,547.73 representing principal contribution (N394,786,722.09) and
penalty (N164,560,825.64) was recovered from 28 defaulting employers during
the quarter under review.
The pension sector regulator noted that as at the end of Q3 2021, only twenty-five States of the Federation had enacted pension laws on the CPS, while seven States were at the bill stage.
It submitted that out of the five States operating other pension schemes, four States adopted the Contributory Defined Benefits Scheme (CDBS).
The commission added thatone State (Yobe State) operates the Defined Benefits Scheme (DBS). The level of compliance by States with the CPS
