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PenCom Approves 9 PSSPs to Ease Pension Remittances
The Business NG
|The BusinessNG
In a major push to streamline pension contributions and reduce administrative errors, the National Pension Commission (PenCom) has approved nine Pension Service Solution Providers (PSSPs) to help employers remit pension contributions with greater speed, accuracy, and transparency.
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These PSSPs are equipped with real-time verification tools that match contributors’ Personal Identification Numbers (PINs) and Pension Fund Administrators (PFAs) directly with PenCom’s central database.
This ensures that contributions are accurately linked to the correct employee accounts, reduces errors, and speeds up processing timelines.
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