The National Pension Commission has engaged the services of
security/recovery agents to ensure full remittance of pensions into
beneficiaries’ Retirement Savings Accounts.
The Director-General of the PENCOM, Chinelo Anohu-Amazu, stated this
on Wednesday in Abuja after the commission’s management team briefed
President Muhammadu Buhari on the activities of the organisation.
Anohu-Amazu lamented that some organisations had made pension
deductions from the salaries of their workers without remitting the
same into the affected employee’s RSA.
She noted that the refusal of the affected organisations to remit the
deducted pension monies amounted to a financial crime and must be seen
as such.
She said: “Right now even in PENCOM we have a whole department devoted
to enforcement and compliance.
“We have also engaged recovery agents because the compliance is on many level.
“Some people have made deductions from their employee’s salaries and
have not been remitted into their Retirement Savings Accounts.
“We are calling out to those people and we are going to work with the
appropriate law enforcement agencies because it is a financial crime
to take money out of an employee’s salary and do not then remit it to
his Retirement Savings Account.
“It is something we take seriously.”
Anohu-Amazu said that the commission would concentrate on ensuring
speedy inclusion of the informal sector into the pension scheme,
adding: “This is because they are the ones that are most in need of a
retirement saving plan.”
Anuhu-Amazu disclosed that President Buhari directed the commission to
always ensure that retired workers received their benefits promptly.
She said the President also enjoined the commission to address all
problems militating against easy access of retirement benefits by
retired workers across the country.
NAN.
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