Employers will bear burden of one percent monthly contribution, NSITF clarifies

has said the mandatory contributions of one per cent of the emoluments of all public servants to the Employees’ Compensation Scheme would not be paid by workers.

“Our commitment to the welfare of workers wherever they may be, in the formal or informal sector will suffer a setback if the regulations through which we administer employee compensation is left to get moribund in a society with unrelenting changes. According to the statement the exercise tracked with the recent promise by the Minister of Labour and Employment, Simon Lalong to “unbundle the agency for effectiveness.”

“It recommended among others, an express recognition to the informal sector and digitisation of the fund. It additionally made a new provision for the assessment of various classes of industries as well as the duration of compensation for classes of beneficiaries.FG directs MDAs to remit 1% of mandatory contributions to NSITF

Represented by the General Manager of the Port Harcourt Region, Dr. Geoffrey Otokito, Allagoa regretted that Rivers, which is one of the states of the Federation topping the implementation of the Millennium Development Goals was yet to key into the Employees’ Compensation Scheme.

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