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My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs - Career (3) - Nairaland

Nairaland Forum / Nairaland / General / Career / My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs (11741 Views)

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Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by Wallade(m): 8:23am On May 11
H2Ossss:


Besides... although this is wrong... some company's do deduct and fail to remit due to cash flow issues... hence they accrue the pension payable for a while and later remit it when they have a healthy enough cash flow... reporting them might put the company into deeper mess... and the young man may loose his job..... it's still wrong though as pension should be remitted on or before the 10th day of the subsequent month aftet salaries was paid...

Oga, a lot of companies are culpable of non remittance of Pension in Nigeria despite deductions. How many of these companies eventually remit the accrued pension when the liquidity challenge is resolved? Do they remit the accrued Pension with interest?

Stop making excuses for such offences. We all know that once they start defaulting, the chances that they will eventually remit the pension becomes slim.

3 Likes

Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by MiddleSpot: 8:29am On May 11
Arimokwusunday:


Federal ministry of labour and employment has the responsibility. He just email me, for direction and advice on how to go about it


Okay. I would have advice multiple agencies

Pencom


Ministry of labor


Bereau of public..
Ish


Even EFCC
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by okewumi: 8:29am On May 11
A lot of yahoo yahoo employer in this country but they will never sing am l a yahoo company grin

This is third year my boss kept promising to remit our pension. I called my PFA to take it up from their end, they kept saying story. One of the staff that took the case up codedly some years back was stylishly sacked after six month using one useless excuse. The guy is still locking for job.

I think the best way employee can report is for government/servicomm to create app where employee can report (not using email that is traceable)

1 Like 1 Share

Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by bixton(m): 8:36am On May 11
Please do you have others in your company who share the same burden?
Though you did not state the name of your company and hope your real identity online is not known.
Please get in touch with those affected in your company with sufficient proof(s) and seek the advice of a lawyer.
Many have lost their jobs trying to fight their company for their rights. I'm in no way telling you to chicken out but apply wisdom in all your dealings.

Even those who you might think are at the pencom office are also fraudsters.
Companies have been known to bribe pencom staffs in such matters.
Try to get in touch with the right person.
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by motorola(m): 8:43am On May 11
First of all, please go back to your appointment letter if you were given any, read the terms of employment and make sure you understand it well, again did you fill the PFA form if so please go check with them if any money was remitted to them, again please start looking for another job before taking up any case this is Nigeria, good luck

1 Like

Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by quirus: 8:46am On May 11
richidinho:
why not meet your pencom manager and get your statement of acct printed out so you can approach your company for explanations first, that is if you still want to continue with them
And got sacked in the process? Where do you think you are, U.S.?
Whatever he must do to get his dues must be underground without the management knowledge.

1 Like

Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by hassinho707(m): 8:50am On May 11
I don't know where you are. If you are in Lagos, just go to Alausa, ask of human rights office, when you get there lay your complain.
They will ask you to write a petition and bring 5 copies. After which they will invite you and the employer for settlement.
The people typing the petition at Alausa collect 1k and 500. I paid 500 to type my own there and make photo copies of the rest. their photocopies cost #20 each. They also collect 1k from me for tfare to deliver the letter to my employer.
my employer received the letter yesterday and he has been saying funny things. I want to create a thread here on nairaland and upload his WhatsApp messages. he is so frustrated now.
I already have a lawyer o....u will not have to pay for a lawyer...
I wish you all the best
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by DonPablo007: 8:51am On May 11
kaziblake:
Same with my own o..They debit pension every month and I didn't even fill pension form
do you have a PFA
Let's start it up from there
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by athorello(m): 8:52am On May 11
Diff companies, diff payment method... Mine remits when they like but its sequential. Only 2 months have dropped this years so far. I heard sometimes dey remit lumpsum to the pfa... Maybe they're using the money to hold their side. My consolation is the monthly pension is more than 2x of my previous job.
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by kaziblake(f): 8:55am On May 11
DonPablo007:
do you have a PFA
Let's start it up from there
PFA ke?I don't have any...We raised the issue the other day and they ignored it...I am just managing it because it pays my bills.. I have no choice mehn
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by kaziblake(f): 8:56am On May 11
truthsayer009:


Don't worry, its saved up by Angels in Heaven. You'll get it when you meet da Lord.
Lol Amen
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by richidinho(m): 9:08am On May 11
quirus:

And got sacked in the process? Where do you think you are, U.S.?
Whatever he must do to get his dues must be underground without the management knowledge.

Sacked for asking question?
who does that?
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by Lexusgs430: 9:13am On May 11
Niorte:
Please what can be done? The company i work for keep deducting pension money from the salaries of its staff every month without paying to the Pension Fund Administrators.

What is the consequence of this? Who is supposed to act, me or the PFA?

Is there any known labour law which allows this.

This has been going on for more than a year now.


Please help me move this to front page.
We may not be able to challenge the management but it is believed that social media can help turn around the situation.


Speak to your HR department/payroll and request pension payments update on your account.....

1st position........ (but you might be a sacrificial lamb).....
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by DonPablo007: 9:17am On May 11
kaziblake:
PFA ke?I don't have any...We raised the issue the other day and they ignored it...I am just managing it because it pays my bills.. I have no choice mehn
I advice you get and RSA form, let's petition them, we could petition them and I bet you all the money taken from you would be remitted with high interest rate
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by Emperorone(m): 9:30am On May 11
Niorte:
Please what can be done? The company i work for keep deducting pension money from the salaries of its staff every month without paying to the Pension Fund Administrators.

What is the consequence of this? Who is supposed to act, me or the PFA?

Is there any known labour law which allows this.

This has been going on for more than a year now.


Please help me move this to front page.
We may not be able to challenge the management but it is believed that social media can help turn around the situation.

Op I can be of help just DM me privately.
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by kingcalors(m): 9:34am On May 11
Niorte:
Please what can be done? The company i work for keep deducting pension money from the salaries of its staff every month without paying to the Pension Fund Administrators.

What is the consequence of this? Who is supposed to act, me or the PFA?

Is there any known labour law which allows this.

This has been going on for more than a year now.


Please help me move this to front page.
We may not be able to challenge the management but it is believed that social media can help turn around the situation.
Daily independent Newspaper did that too. They are owing their ex staff their entitlement. EFCC should investigate that.

Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by Snowkel(m): 9:45am On May 11
kingcalors:
Daily independent Newspaper did that too. They are owing their ex staff their entitlement. EFCC should investigate that.
same apply to me also,have been working close to four month now,nothing has been remitted to my pension account, IBTC pension called me and told me to give my pin to my employer so my pension could be remitted to my account,I called my HR so I could give him my pin,he said I should not worry,when they need it, I will be notified,till date non of my colleagues that came in together has been paid our pension,but it's been deducted from our salary every month, and this is a big corporation
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by justjeff: 9:49am On May 11
Niorte:
Please what can be done? The company i work for keep deducting pension money from the salaries of its staff every month without paying to the Pension Fund Administrators.

What is the consequence of this? Who is supposed to act, me or the PFA?

Is there any known labour law which allows this.

This has been going on for more than a year now.


Please help me move this to front page.
We may not be able to challenge the management but it is believed that social media can help turn around the situation.

Let the persons concerned write a formal complain letter addressed to:
The Director General
National Pension Commission
174 Adetokumbo Ademola Crescent Wuse 2
Abuja
Attention: Head, Compliance and Enforcement Department

1 Like

Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by prince3009(m): 9:52am On May 11
middlebelter:


That's the right thing to do. Make sure you have copies of evidence of deduction and also if you can get two or three people to support you with evidence. They will pay with interest.

That's where the problem lies! What if those "two or three other people" decide to play "Judas" on him?
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by akaahs(m): 9:59am On May 11
That's their own way of investing pension money meant for their staff instead of allowing pfa to that.
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by alexola20(m): 10:08am On May 11
Many Nigerians are suffering in this scam for years.And nothing really has been done about it.
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by Niorte: 10:20am On May 11
H2Ossss:
how sure are you they are not remitting?

do you work with HR or Finance?

get your facts right before you fall into trouble...

If you are sure... then pencom is the right way to go.

My pension is with Stanbic IBTC and I have access to the online portal of my pension. So I can monitor it.
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by tiredoflife(m): 10:47am On May 11
You can become rich if u know what to do
Get ur facts
Write pencom to verify
And get a lawyer to sue
Copy pencom
And watch ur company pay u out of court settlement
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by Rmpopman: 10:59am On May 11
i am also going through the same thing in my company....
Niorte:
Please what can be done? The company i work for keep deducting pension money from the salaries of its staff every month without paying to the Pension Fund Administrators.

What is the consequence of this? Who is supposed to act, me or the PFA?

Is there any known labour law which allows this.

This has been going on for more than a year now.


Please help me move this to front page.
We may not be able to challenge the management but it is believed that social media can help turn around the situation.
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by charleoj(m): 11:02am On May 11
Firstly, write a letter to the management of your company. If they don't answer, then write a petition to Pencom
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by BlueRayDick: 11:27am On May 11
CrazyMan:

Some compaines don't send alert to you. Mine for instance (trust fund) they have never sent me any alert but my company pays the percentage deducted from my salary to them.

What they send is a letter containing my previous contribution and my total contribution which I don't even get all the time. But the truth is that my company remits the deducted funds to them monthly so I don't even bother.

I would suggest he does a thorough investigation before going public cos not every PFA sends you alert for every contribution made. They aren't banks and are seriously trying to maximize profit.

The only reason u aren't getting Ur alert is probably u chose email as a means of notification and not text message.

I believe he should check his mail and text to be sure they aren't sending him alert and he is not aware
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by mechanics(m): 11:30am On May 11
Maybe you should take your complain to PENCOM.
Re: My Company Deduct Pension Money From Our Salaries Without Paying To Our PFAs by Snowkel(m): 12:04pm On May 11
BlueRayDick:


The only reason u aren't getting Ur alert is probably u chose email as a means of notification and not text message.

I believe he should check his mail and text to be sure they aren't sending him alert and he is not aware
mine has been empty since I started

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