PenCom to employers: Use of touts, agents to obtain pension clearance certificate illegal

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The National Pension Commission (PenCom) says it is illegal for employers and companies to use touts and agents to obtain the pension clearance certificates (PCC).

In a statement issued on Friday, the commission said the use of touts and agents is illegal and contrary to the provisions of section 104 and of the Pension Reform Act 2014.

The agency urged employers to deal directly with it on matters relating to the application for the issuance of the PCC.The commission said certain documents must be submitted before the application can be processed. “Evidence of remittance of monthly pension contributions for all employees as follows: For the last three fiscal years for organizations that were in existence for that period and have three or more staff.

“This is only applicable to organisations that had pension arrangements or were in the custody of pension assets before June 2004.

 

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