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Reading: PenCom: ‘Pension Central’ not authorised to remit pension contributions
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Finance

PenCom: ‘Pension Central’ not authorised to remit pension contributions

According to the National Pension Commission (PenCom), no agent has been given permission to handle the remittance of pension contributions....

Chima Joseph Ugo
Chima Joseph Ugo - Editor-in-chief October 20, 2022
Updated October 20, 2022 at 3:41 PM
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PenCom: ‘Pension Central’ not authorised to remit pension contributions
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PenCom: ‘Pension Central’ not authorised to remit pension contributions
According to the National Pension Commission (PenCom), no agent has been given permission to handle the remittance of pension contributions.

On Thursday, the commission released the disclaimer, stating that it had learned of complaints of communications being sent to the public by a group called "Pension Central."

PenCom reported that Pension Central bragged about its capacity to send pension contributions in one of the letters.

“The collection of pension contributions remains the exclusive function of the Pension Fund Custodians licensed by the National Pension Commission,” the statement reads.

“Monthly pension contributions are remitted by employers directly to the Pension Fund Custodians accompanied with schedules that contain relevant information about the employees e.g. names, RSA PINs and PFAs.

“PenCom has therefore not authorised Pension Central or any other agent to carry out the remittance of pension contributions.”

PenCom advised members of the public to visit its website (www.pencom .gov.ng) for all accurate and reliable information on the pension industry and the commission’s activities.

Recently, the commission commenced the 2023 online verification and enrolment exercise for retirees/prospective retirees of the federal government treasury-funded ministries, departments, and agencies (MDAs).

It said those eligible for the exercise include employees of the federal government treasury-funded MDAs scheduled to retire in 2023 and employees of the federal government treasury-funded MDAs who missed the enrollment exercises in previous years.
Tags: Finance

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