The National Pension Commission (PenCom) on Thursday warned organisations against applying for Pension Clearance Certificate (PCC) through intermediaries.
The Commission stated this in a bulletin published on its social handles on Thursday.
PenCom said employers were expected to apply directly to avoid hitches, “thus processing of the PCC as designed by the commission is easy and transparent.
“The applications are processed within advertised time frame of 15 – working days provided that all requirements are met.
“However, a lot of applications fail to provide the required documents and are often submitted without regards to the timeline for processing.
“Some of the deficiencies noted in the submission by some organisations included under remittance of contributions,” the commission said.
NAN reports that PCC is issued to any employer of labour mandated to participate in the CPS and has rightfully complied with the provisions of the PRA 2014 on pension administration of its employees.
The PCC is a prerequisite for providing evidence of remittance of employee’s contribution for suppliers, contractors or consultants who are soliciting contracts or business from any federal government ministries.
According to PenCom, the PCC issued is for one year, from January to December, and the commission does not charge any fees for processing of PCC and issuing it.
The Pension Reform Act 2014 (PRA 2014) mandates all organisations with at least three employers to participate under the CPS.
Consequently, PenCom issues PCC to organisations that apply and fully comply with the set requirements.