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Reps to Investigate Employers Over Non-Remittance of Pension Deductions

The House of Representatives reiterated on Tuesday that most employers were ignoring the Pension Reform Act, 2004. They said employers do this by failing to remit monthly deductions of their workers’ salaries into the Retirement Saving Accounts which are kept with the Pension Fund Administrators.

 

The House, in a resolution passed in Abuja, observed that the breach cut across both the public and private sectors.

 

Members of the House of Representatives, in a majority voice vote, told the House Committee on Pensions, to investigate the matter and produce a report.

 

The report is expected to highlight defaulters and the people that have aided them.

 

Mr. Yakubu Dogara, the Speaker of the House, presided over the session.

 

The resolution was passed after Mr. Joseph Edionywele, a Peoples Democratic Party lawmaker from Edo State, drew the attention of his colleagues to complaints by many employees that their RSAs were not being credited.

 

The Edo state lawmaker expressed disappointment, saying that 11 years after the law took effect, some employers were still treating the serious issue of pension remittances with levity.

 

He said, “Non-remittance by organisations will not only jeopardise the smooth and successful operation of the scheme, but also lead to the suffering of pensioners.

“We should investigate and list the defaulters and sanction them, even in the private sector.”

 

Mr. Pally Iriase, an All Progressives Congress lawmaker from Edo State and House Deputy Whip, advised the lower chamber to pursue the matter to a logical conclusion.

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