PenCom issued 1,877 organizations Compliance Certificates in Q42020
The National Pension Commission (PenCom) has disclosed that it issued Pension Clearance Certificates (PCCs) to 1877 organizations in the 4th quarter of 2020.
PenCom received a total of 1,900 applications from private sector organizations for the issuance of PCCs but only 1,877 organizations were given the PCCs while 23 applications were declined due to the inability of the organizations to meet the requirements for issuance of the certificates.
PenCom further disclosed that the 1,877 organizations remitted a total sum of N9,878,025,459.10 into the Retirement Savings Accounts of 41,923 employees.
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. The major requirement for pension compliance certificate is remittance of pension contribution and group life insurance policy for employees.
Check out
Requirements for Obtaining Pension Certificate of Compliance from the National Pension Commission
Check below for PensionNigeria breakdown of all the important aspects of the PenCom 4th Quarter 2020 Report
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DONT MISS PenCom Q42020 Quarterly Report Series
Analysis of Pension Operating Environment Q4 2020
How PenCom monitored the Pension Industry in Q4 2020
5.1 million RSAs have Incomplete Documentation
3.5 million Unfunded RSAs, effects and way forward
Appointments to Pension Operators’ Boards in Q4 2020
PenCom issued 1,877 organizations Compliance Certificates in Q42020
19 Employers paid N170 million Penalty for late Remittance of Pension Contribution
Update on NSITF & Refund of Pension Contribution to Military & SSS
Status of Implementation of CPS in States as at December 2020
Biggest PFAs by RSA Registrations December 2020
Update on the RSA Transfer System (RTS), 2,799 RSA holders Change PFAs
Pension Operators paid N90.99 billion Retirement Benefits Q4/2020
Also Check out
Performance of all PFAs in Nigeria for Full Year 2020
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Performance of all PFAs in Nigeria for Full Year 2018
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