PenCom issued 10,541 organizations Compliance Certificates in 1st Quarter of 2022, Full details and list of Employers available here
The National Pension Commission (PenCom) has revealed that it issued Pension Clearance Certificates (PCCs) to 10,541 organizations in the 1st quarter of 2022.
PenCom received 11,200 applications from private sector organizations for the issuance of Pension Clearance Certificates (PCCs) during the 1st quarter of 2022. PenCom said, out of the 11,200 applications received, PCCs were issued to 10,541 organizations, while 659 applications were still being processed for possible approval as at 31 March 2022.
PenCom further disclosed that the 10,541 organizations had remitted a total sum N59.39 Billion into the Retirement Savings Accounts (RSAs) of their employees, totalling 45,170.
Pension Compliance Certificates is a mandatory requirement for organizations transacting business with Federal Government Ministries, departments and Agencies (MDAs) and it is also a means of identifying responsible employers.
Pension Compliance Certificate expires every 31 December, therefore it must be renewed on yearly basis, the major requirement for pension compliance certificate is remittance of pension contribution and group life insurance policy for employees.
Full details and list of all the employers are available HERE
Please note that this data was extracted from PenCom’s website as at the time of posting.
Check below for PensionNigeria breakdown of all the important aspects of the PenCom 1st Quarter 2022 Report
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