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PenCom: Over 2,000 Workers Withdrew N3.18bn From Voluntary Pension
After making additional voluntary contributions, a total of N3.18bn was withdrawn by 2,210 workers from their Retirement Savings Accounts with their respective Pension Fund Administrators in six months. While 1,286 active contributors withdrew N2.17bn in the third quarter of 2020, another 924 contributors withdrew N1.01bn in the fourth quarter of 2020. The National Pension Commission…
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PenCom: FG Yet To Comply With Pension Contribution
The National Pension Commission has revealed that the Federal Government is yet to comply with some statutory rate and increase of the pension contribution. PenCom said the Federal government is yet to agree with the new minimum statutory rate of pension contribution of 18 percent since 2014. Also, it was yet to pay approved…