The Director-General of commission, Mrs Aisha Dahir-Umar, stated that the payment was made following the issuance of demand notices to defaulting employers whose pension liabilities had been established by the Recovery Agents appointed by the commission.
In the same vein, she said the commission refunded pension contributions to Military personnel and state security agencies employees who were exempted from the Contributory Pension Scheme . On the tranfer of the Nigeria Social Insurance Trust Fund’s members’ contributions to their Retirement Saving Account , she said: “The commission received transfer applications on behalf of 190 NSITF contributors and granted approval for transfer of the sum of N188.97 million to their RSAs during the quarter under review.
She also said: “The pension industry recorded a net marginal growth of 0.72 per cent, representing 66,704 in schemes membership during the quarter under review, rising from 9.20 million contributors as at the end of the preceding quarter to 9.27 million as at Q4 2020.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.