‎PenCom, ICPC Partner To Recover Unremitted Pension Funds

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‎The National Pension Commission, PenCom and the Independent Corrupt Practices and Other Related Offences Commission, ICPC, have entered into a partnership to recover un-remitted pension contributions and enforce compliance among employers.
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‎During the signing of the Memorandum of Understanding, in Abuja, PenCom Director-General, Ms. Omolola Oloworaran, said the collaboration marks a significant step toward promoting transparency, accountability, and integrity in the management of pension funds.
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‎According to her, the agreement provides a framework for the recovery and prompt disbursement of pension funds into workers’ Retirement Savings Accounts, while ensuring legal action against defaulting employers.
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‎She also noted that un-remitted contributions and unapplied funds under the Integrated Payroll and Personnel Information System, IPPIS, remain major challenges to the pension system.
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‎Representing ICPC Chairman, Dr. Musa Aliyu, the Commission’s Secretary, Mr. Clifford Oparaodu, assured that ICPC would support PenCom through public enlightenment and enforcement to ensure employers fulfil their obligations.
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‎He pledged the Commission’s commitment to protecting Nigerian workers’ pension rights.
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PR/‎Umbwanko Baba