Breaking News: Pencom Launches Online Pension Contributions Remittance System
The National Pension Commission (PenCom) has introduced a new online Pension Contribution Remittance System, which replaces the manual process of remitting pension contributions.
The system allows employers to upload employee schedules and make payments online.
Nine Payment Solution Service Providers have been approved to participate in the system, including: Paypen by Netline Limited, Pencentral by Chamsaccess Limited, Pensphere (formerly Paythru) by Pethahiah Rehoboth Int’l Limited, Penremit by Cyberspace Limited. Pensol by Uniswitch Technology Limited, Penco by Gemspay Solutions Limited, Awabah by Awabah Remit Services Limited, Epcoss by Nigeria Inter-bank Settlement Systems Plc, Interswitch by Interswitch Group.
This new system aims to make the process of remitting pension contributions more efficient and convenient for employers, allowing them to do so from the comfort of their homes or offices.
