Monday, April 15, 2019

It’s Criminal For States Not To Remit Retirement Fund- NLC

The president of the Nigeria Labour Congress, Ayuba Wabba, has said that states or employers of labour who refuse to remit money into the retirement benefit account of workers should be held for a criminal act.

Wabba spoke in an interview with Punch correspondent in Abuja in response to the claim by the National Pension Commission that only Lagos, Ogun, Kaduna, Niger, Delta, Osun and Rivers states had commenced remittance of pensions in the workers Retirement Savings Accounts.

The commission said while Zamfara, Kebbi, Ondo and Anambra states had also commenced the funding of the RSAs, they were not funding the accrued rights.

Wabba said that states had two retirement plan options but noted that it was a criminal offence not to credit workers’ retirement benefit account.