The National Pension Commission (PenCom) is not letting off steam on defaulting employers whose pension liabilities were established by the Recovery Agents (RAs) appointed by the Commission.
The First-Quarter 2022 Report published by PenCom admitted that the sum of N422.34 million representing principal contribution (N124.89 million) and penalty (N295.45 million) was recovered from 23 defaulting employers during the quarter under review.
However, some employers are calling the bluff the the efforts of the RAs, blocking the principal and shooting down the penalty that would follow. PenCom from the current quarter report is not downing tool, its taking the next step: “appropriate legal action.”
Having exhausted administrative actions, PenCom positions for legal action, “Meanwhile, 6 defaulting employers have been recommended for appropriate legal action, for refusing to remit pension contributions of their employees after all administrative actions to make them comply failed.”