Framework for the Recovery of outstanding Pension Contributions and Interest Penalty from defaulting employers
Ministry of Finance, Budget and National Planning, Nigeria
The objective of this framework is for a standard and cost-effective procedure for ensuring the recovery of outstanding pension contributions of employees. The Framework covers the identification of employers with outstanding pension contributions; computation of interest penalty; and the appointment of recovery agents.
Process Flow
Framework for the Recovery of outstanding Pension Contributions and Interest Penalty from defaulting employers Current Version
January 2022
The objective of this framework is for a standard and cost-effective procedure for ensuring the recovery of outstanding pension contributions of employees. The Framework covers the identification of employers with outstanding pension contributions; computation of interest penalty; and the appointment of recovery agents.
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