The National Pension Commission (PenCom) issued Pension Clearance Certificates (PCCs) to 30,293 organisations that applied and were confirmed to have complied with the laid down requirements of the Contributory Pension Scheme (CPS) in 2023.
An analysis revealed that there was an increase of 3,737 from the 26,556 organisations that obtained the certificate in 2022. However, it is imperative to note that the PCC is valid up to 31 December of the year it was obtained, irrespective of the date it was issued within the year. Consequently, all 30,293 PCCs have expired on 31 December 2023. Therefore, organisations are required to apply for new PCCs for the year 2024.
