PenCom automates penalties for employers delaying pension remittances
The National Pension Commission has automated penalties for employers who delay remitting workers’ pension contributions, linking payment to clearance cert Read More: https://punchng.com/pencom-automates-penalties-for-employers-delaying-pension-remittances-2/
The National Pension Commission (PenCom) has launched an automated system to penalize employers for delaying pension contributions, as part of measures to enforce compliance with the Pension Reform Act. According to PenCom's Director-General, Omolola Oloworaran, employers with outstanding penalties will not be able to obtain Pension Clearance Certificates until they pay their dues.
This new system automatically calculates and links penalties to the issuance of clearance certificates. Although penalties for delayed remittances are already in place under pension law, the automated system enables faster enforcement. PenCom has extended compliance requirements to include commercial relationships involving pension operators and their partners.
In July 2026, PenCom had recovered N36.6bn from defaulting employers, surpassing the previous annual record. PenCom is also monitoring state governments' compliance, with two more states beginning pension contributions in 2026.
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