In its latest quarterly report, the commission revealed that during the second quarter of 2024, it recovered N336.255m from 35 defaulting employers, including N125.57m in principal contributions and N210.68m in penalties.
The commission said it had continued to engage 25 recovery agents for the recovery of unremitted pension contributions and penalties.
It stated that its secretariat/legal advisory services department had been directed to take legal action against three defaulting employers.
PenCom further reported that it processed five requests for the refund of pension contributions to military personnel and other security agencies.
According to the commission, these personnel are exempt from the Contributory Pension Scheme due to the nature of their jobs, adding that N0.39m was refunded to the affected individuals during the quarter.
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