Only Benue, Three Other States Complied With Pension Remittance – PenCom Says
The National Pension Commission (PenCom), has declared that only four states namely Benue, Edo, Kaduna and Lagos have fully remitted their workers’ pension contributions as at December 2021, in line with the mandate of the Contributory Pension Scheme (CPS).
This is contained in the 2021 fourth quarter report released by the PenCom, in which it also stated that five other states namely Anambra, Delta, Ekiti, Ondo, Osun and the Federal Capital Territory (FCT) that are also remitting both the employer and employee contributions have backlogs in remittances.
The report also showed that 25 states had enacted pension laws on the CPS, while seven states were at the bill processing stage.
It also stated that out of the five states operating other pension schemes, four of them adopted the Contributory Defined Benefits Scheme (CDBS), while one state operates the Defined Benefits Scheme (DBS).
The Commission in the report further said that as part of its mandate, it carried out sensitization workshops, capacity-building programs and stakeholders’ engagement meetings during the period under review.
PenCom also said that it held a meeting with four pioneer Pension Fund Administrators (PFAs) that are managing majority of the RSAs of employees of Kaduna State to review the solutions proposed by the PFAs with a view to addressing the accrued rights liabilities owed to retired and disengaged employees of the state.
