12. What happens when an employer fails to remit its employees’ pension contributions? – PensionNigeria

12. What happens when an employer fails to remit its employees’ pension contributions?

PenCom would mandate such employer to make the remittance already due, in addition to paying penalty, which would be at least 2% of the total unpaid contributions. Both the outstanding contribution and penalty would be paid into the employees’ RSAs.

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