PenCom automates pension penalties, blocks clearance for defaulting employers

By Emmanuella Opara | October 14th 2026 KEY POINTS MAIN STORY The National Pension Commission (PenCom) has introduced an automated system for calculating penalties on delayed pension contributions, tightening enforcement against employers who fail to remit workers’ retirement savings on time. The system links the settlement of outstanding penalties to the issuance of Pension Clearance … Continue reading PenCom automates pension penalties, blocks clearance for defaulting employers