PenCom Recovers N27.97bn From Defaulting Employers

The National Pension Commission (PenCom) has said that from the start of its recovery initiative in June 2012 through June 30, 2024, a total of N27.97bn has been recovered from non-compliant employers.

This figure includes N13.60nn in outstanding pension contributions and N14.17nn in penalties, all collected from employers who failed to meet their pension obligations.