Association Urges FG To Compel Employers To Remit Employees’ Contributions To RSAs
The Association of Pension Desk Practitioners of Nigeria on Wednesday urged the Federal Government to compel Nigerian employers to remit their employees’ contributions to their Retirement Savings Account (RSA).
Director of the association, Dr Chris Egbu, made the call in Abuja at the 2019 Annual Pension/Admin Conference with the theme “Best Practices in Pension Administration’’.
He expressed the need for more effective enforcement approach to ensure that defaulting employers remit their employees’ contributions promptly.
According to Egbu, failure of some employers to remit their employees contributions had made it difficult for workers to access their money after retirement.
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He further expressed worry that some state governments were yet to subscribe to the contributory pension scheme.
“ Some state governments have not subscribed to the contributory pension scheme while workers on their part did not care at the attitude of the government to such issues as long as they get their monthly pay.
“They don’t deem it fit to be concerned with what may happen after their retirement.
“For some, their money is being deducted as the pension act says that the employer brings 10 per cent and eight per cent will come from the employee.
