…after just three years, provided they hold a relevant job and have paid compulsory pension contributions for 36 of those months.EU Blue Card holders face an even shorter wait. Those with a basic knowledge of German qualify after 27 months, while those who demonstrate sufficient German language ability can receive the p…
…Private Sector of Nigeria, OPSN, has opposed the proposed increase in mandatory pension contributions being considered by the National Pension Commission, PenCom, warning that the move could negatively impact businesses, jobs and workers’ earnings. OPSN, which comprises major business groups, including the Manufacturer…
…union further decried delays in the remittance of outstanding third-party deductions and pension contributions to the National Pension Commission, calling on the relevant authorities to clear the backlog and ensure regular remittances to Pension Fund Administrators. ASUU warned that continued delays, selective implemen…
…often earn low and irregular incomes, cannot be expected to shoulder the full burden of pension contributions. It therefore renewed its demand for a government co-contribution arrangement under which the state would match workers' pension savings on a 50:50 basis. "Informal workers are expected to save for retirement e…