Nigeria - 2008 - Finance

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.

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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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