181 companies have received permission from the National Pension Commission to conduct business with the Federal Government. In a report titled “Schedule of Employers Issued with Certificate of Compliance with Provisions of the PRA 2014 as at 13 January 2023,” it made this disclosure on its website.
The compliance with the expiration date of December 31, 2023 was given to businesses with varying employee counts. Employers must adhere to all legal requirements, according to PenCom’s directive on the issuance of certificates of compliance with the Pension Reform Act 2014 to the general public, suppliers, contractors, or consultants bidding or soliciting for contracts or business from any Federal Government ministries, departments, and agencies.
It is emphasized to the MDAs that only Pension Clearance Certificates issued by the commission are accepted as evidence of compliance with the Pension Reform Act 2014. “In the directive, PenCom stated that in accordance with the provisions of Section 4(5) of the 2014 and Section 5.5 of the guidelines for life insurance policy for employees, employers of labour covered by the PRA 2014 were required to submit copies of the insurance certificates with the schedule of benefits to the commission.
