Good day House,

Please, I have been working with a company for more than one year on a contract basis in a project of two years duration. The company has over 500 workers of which pension deduction of certain amount is been done on individual worker salary on monthly basis for more than one year and some months now yet the company has refused to remit same deduction into our pension account. Each time we question the company management representative about the pension matter is either he tells us that he is working on it or we get threatened of sack. Now the project is coming to an end yet no hope of getting our pension from the company. I am so worried the company don't run away with our pension fund as the project is coming to an end.
Please I need advice on where to report the matter and I will like the pencom officials and the pension managers in the house to enlighten me on the appropriate channel to use to report this matter to pencom or appropriate authority for action before the company run away with our pension dun that amount to millions of naira. We are been deducted heavily on monthly basis because we are working on oil & gas project. Thanking you for your anticipated useful information.

Section 11 (5) (b) of the Pension Reform Act (PRA 2004) provides that the employer shall not later than 7 days from the day the employee is paid his/her salary, remit an amount comprising the employee’s and employer’s pension contributions to the custodian specified by the Pension Fund Administrator (PFA) of the employee. Furthermore, Section 11 (7) of the PRA 2004 provides that any employer who fails to remit the contributions within the time prescribed shall, in addition to making the remittance already due, be liable to a penalty to be stipulated by the Commission provided that the penalty shall not be less than 2 percent of the total contributions that remains unpaid for each month the default continues.

Going by the above statutory obligations required by law, You need to write a petition against the organization for non-remittance of your contributions over time and send to PenCom before the end of the contract agreements ...

But have you been registered with any of the Pension Fund Administrators to start with ?

My former employer did the same to me.I approached my pension managers for part of my pension to be given to me to enable me apply for a driver licence to apply for a driver's job after I used my last savings to enrolled for a driving lessons after I had left the company.That was how I knew that my employer has not been remitting my pensions.
My pension manager guided me on how to go about it.Approach your pension manager.She will guide you.
Meanwhile,why most employers deduct pension from staff and don't remit is because there is a 50% they will add to the already deducted percentage from the staff salary which they are hesitant to remit.

Joysticks:
My former employer did the same to me.I approached my pension managers for part of my pension to be given to me to enable me apply for a driver licence to apply for a driver's job after I used my last savings to enrolled for a driving lessons after I had left the company.That was how I knew that my employer has not been remitting my pensions.
My pension manager guided me on how to go about it.Approach your pension manager.She will guide you.
Meanwhile,why most employers deduct pension from staff and don't remit is because there is a 50% they will add to the already deducted percentage from the staff salary which they are hesitant to remit.

Actually, the minimum contribution under the Pension Act is 18% of monthly emolument (with a minimum contribution of 10% by the employer and 8% by the employee)

Thanks, please through which medium do I use to channel my petitions to pencom.