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Home Uncategorized PENCOM WARNS EMPLOYERS AND COMPANIES AGAINST TOUT TO OBTAIN PENSION CLEARANCE.

PENCOM WARNS EMPLOYERS AND COMPANIES AGAINST TOUT TO OBTAIN PENSION CLEARANCE.

The National Pension Commission has banned employers and companies from using touts and agents to obtain Pension Clearance Certificate from the commission.

PenCom said it is illegal and a contravention of the provisions of the Pensions Reform Act of 2014 for employers of labour and companies to employ the services of touts and agents.

In a notice to employers and companies made available to Global Television, the Commission says, “The attention of the National Pension Commission has been drawn to an increase in the use of touts and agents by employers and companies seeking to obtain Pension Clearance Certificates.

“The use of touts and agents to obtain Pension Clearance Certificate is illegal and contrary to the provisions of Section 104(b)&(c) of the Pension Reform Act 2014. The Commission strongly advises employers to deal directly with it on matters relating to applications for issuance of Pension Clearance Certificate.”

The regulator said ” it has made it seamless for companies and employers who meet the requirements to obtain the certificate within seven days without constituting a nuisance.

PenCom listed the requirements to include, “Certified list of employees of the organization as at the end of the last fiscal year. The certification should be done with an authorized official of the applicant organization.

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