Good news for some retirees as N326.6 million in unpaid pension contributions were recovered in Q3 2023, bringing the total recovered since 2012 to N25.13 billion. However, not all are so lucky, as some retirees like, whose employer didn’t contribute regularly, highlight the ongoing issue of non-remittance. To address this, the National Pension Commission (PenCom) utilizes recovery agents and enforces measures like the Pension Clearance Certificate (PCC) required for government contracts. Experts emphasize the importance of timely employer contributions for both individual well-being and the system’s sustainability. While progress is evident, challenges remain. PenCom reiterates the legal obligation for employers to remit contributions within seven days, even for employees who haven’t opened their own accounts. The ultimate goal is to ensure all retirees have access to their hard-earned funds.
