Ekiti State Pension Commission (PENCOM) has disclosed that it has registered 5,133 employees, representing 77% of eligible employees while 1,442 employees representing 23% are yet to be registered because they failed to comply with necessary requirements.
The Executive Secretary of Commission, Mr. James Idowu Akinola, who made the disclosure in an interview with Journalists in Ado-Ekiti, the Ekiti State capital also revealed that N59,090,537.39 for October and November, 2018 Contributory Pension Deduction Scheme (CPS) deductions had been remitted to Pension Fund Custodians ( PFCs) and all employees Retirement Savings Accounts (RSAs) funded accordingly.
He lauded the administration for prompt payment of workers salary that made the contribution for the month of October, November and December 2018 possible.
Read also: How to save airports’ running cost, by expert
The PENCOM boss said the actuarial valuation to determine the accrued benefit right of eligible employees in the contributory pension scheme as at 31st December, 2018 is still on-going.
The Executive Secretary added that a draft report stating the staff gratuity and pension liability as at 31st December, 2016 for 6,640 officers employed from 1st January, 2010 till 31st December, 2016 has been submitted to the state Pension Commission.
Leave a Reply