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Chuks Udo Okonta
The National Pension Commission (PenCom) said it received 82 complaints relating to non-remittance of pension contributions in the fourth quarter of 2022.
PenCom stated this in its fourth quarter 2022 report, adding that out of the number received, seven complaints were resolved while the remaining 75 were
at various stages of resolution.
Similar actions by workers had assisted PenCom in the stoppage of employers from robbing workers of N24.15 billion pension contributions.
PenCom said with the efforts of its Recovery Agents (RAs) N24.15 billion pension contributions has been recovered from defaulting employers since the commencement of the recovery exercise in June 2012 to December 31, 2022
It noted that in the fourth quarter 2022, 34 defaulting employers were recommended for appropriate legal action, after all administrative steps taken to make them comply failed.
The pension sector regulator maintained that following the issuance of demand notices to defaulting employers whose pension liabilities were established by the Recovery Agents, the sum of ₦853,402,776.29 representing principal contribution (₦187,373,485.27) and penalty (₦666,029,291.02) was recovered
from 25 defaulting employers during the fourth quarter 2022.
“From the commencement of the recovery exercise in June 2012 to 31 December 2022, a total of ₦24,149,058,653.62 comprising of principal contributions (₦12,247,623,757.35) and penalties (₦11,901,434,896.26) was recovered from defaulting employers,” it submitted.
