FG Recovers N398Mn Unremitted Pensions In Q2, 2020 

FG retirees not paid pensions since March 2020 – PenCom - Punch Newspapers

Yemisi Izuora

The National Pension Commission (PenCom), has disclosed the recovery Of about N398,006,984.46 representing principal contribution (N243,396,311.27) and penalty (N154,610,673.19)  from 31 defaulting employers during the second quarter of 2020.

PenCom, in a report also disclosed its plan to take legal action against 19 employees, after it issued demand notices to some defaulting employers whose pension contribution liabilities had been established by recovery agents, recoveries and penalties were made.

According to PenCom’s Q2, 2021 quarterly report, “Following the issuance of demand notices to defaulting employers whose pension liabilities were established by the recovery agents, the sum of N398,006,984.46m representing principal contribution of (N243,396,311.27m) and penalty of (N154,610,673.19m) were recovered from 31 defaulting employers during the quarter under review.

“Meanwhile, 19 defaulting employers have been recommended for appropriate legal action.”

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