5.1m Pension contributors to undergo data recapture – PenCom

Ø  Recovers N553.03m from defaulting employers No fewer than 5.1 million pension fund contributors are set to undergo fresh data recapturing. This became necessary after findings showed that they submitted either incomplete or no data during the previous data recapturing exercise. In a data released by the pension industry’s regulatory body, the National Pension Commission (PenCom) at the weekend, 5.1 million Retirement Savings Account (RSA) holders had incomplete documentation as at Q4 2020. According to its report, findings show that, of the 9.27 million RSA holders, only 4.1 million pension…

Read More