PENSION: INSURANCE OPERATORS REMIT OVER N690.87 MILLION EMPLOYEES’ CONTRIBUTIONS

Nine Insurance Companies and 18 Broking firms remitted over N690.87 millon of their workers’ pension contributions to Pension Fund Administrators (PFAs) in 2017.

The National Pension Commission (PenCom) issued the complying firms Certificates of Compliance to enable them pursue government’s contracts in line with the Pension Reform Act 2014.

PenCom noted that AIICO insurance Plc which has 264 staffers in 2017, remitted N135.11 million, Solid Trust Insurance Brokers Limited with nine staffers remitted N5.03 million. Others were Leadway Assurance Company Limited with 283 employees which remitted N133.02 million. Others were Cornerstone Insurance Plc, Linkage, NSIA, LASACO and Jaiz Takaful Insurance.

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