Defaulting employers pay N24bn unremitted pensions

The monies, which have been moved to Pension Fund Administrators (PFA) and remitted to Retirement Savings Account (RSA) holders PIN covers the period from commencement of the recovery exercise in June 2012 to 31 March 2023.

PenCom has continued to maintain the services of Recovery Agents (RAs) for the recovery of unremitted pension contributions and penalties from defaulting employers.