The amount contributed should be transferred to their RSAs within thirty (30) days of registration. The employer is required to notify PenCom of such transfers.
- 10. In the case of an organization that has an Approved Existing Scheme (AES) or a Closed Pension Fund Administrator (CPFA), are its employees eligible to join the CPS?
- 08. What happens to the contributions deducted at source from salaries of public sector employees who are exempted from the CPS?