P
ProfRem
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Osun, Lagos and Kaduna are listed among the 10 states remitting funds into the Retirement Savings Accounts of their employees out of the 26 states that have enacted their Pension Reform Law, investigations have revealed.
The 10 states that have yet to enact the law have also failed to remit the pension funds. “Ten out of the 36 states have commenced remittance of contributions into the RSAs of their employees. Similarly, eight state governments have commenced funding of their retirement benefit bond redemption fund accounts,” PenCom stated.
The PenCom records also showed that 673,116 contributors, who are workers of the various state governments, were registered with different PFAs.
The states that have commenced remittance include:
Lagos
Ogun
Kaduna
Niger
Delta
Osun
Oyo
Rivers and
Anambra states.
According to the report, Imo State had yet to commence remittance of pension contributions, but Imo State University was currently implementing the Contributory Pension Scheme but not yet funding its accrued rights.
Zamfara State has also commenced remittance of contributions to the PFAs but yet to fund its accrued rights. PenCom stated that Jigawa State had transferred its pension assets to six PFAs for management, while Kano had yet to transfer its assets to the PFAs.
- Vanguard
The 10 states that have yet to enact the law have also failed to remit the pension funds. “Ten out of the 36 states have commenced remittance of contributions into the RSAs of their employees. Similarly, eight state governments have commenced funding of their retirement benefit bond redemption fund accounts,” PenCom stated.
The PenCom records also showed that 673,116 contributors, who are workers of the various state governments, were registered with different PFAs.
The states that have commenced remittance include:
Lagos
Ogun
Kaduna
Niger
Delta
Osun
Oyo
Rivers and
Anambra states.
According to the report, Imo State had yet to commence remittance of pension contributions, but Imo State University was currently implementing the Contributory Pension Scheme but not yet funding its accrued rights.
Zamfara State has also commenced remittance of contributions to the PFAs but yet to fund its accrued rights. PenCom stated that Jigawa State had transferred its pension assets to six PFAs for management, while Kano had yet to transfer its assets to the PFAs.
- Vanguard
