• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Fixed Income Funds Management

How companies can apply for PenCom Compliance Certificate

Zainab Iwayemi by Zainab Iwayemi
January 10, 2022
in Funds Management
How negative performance in the capital market affected PFAs in 2019
Share on FacebookShare on TwitterShare on Linkedin

In Nigeria, setting up and running businesses/companies requires that certain things are put in place in consideration of employees’ emolument. One of the key requirements according to PenCom, the country’s pension industry regulator, is the PenCom Compliance Certificate, PCC, also known as the Certificate of Compliance

A PCC is usually issued by PenCom to employers of labour mandated to participate in the Contributory Pension Scheme (CPS) having complied with the provisions of the PRA 2014 on pension administration of its employees.

In accordance with the provision of Pension Reform Act, PRA 2014, the PCC is a prerequisite for providing evidence of remittance of employee’s contribution for suppliers, contractors or consultants who are soliciting for contracts or business from any federal government ministries.

RelatedStories

Lawyers suggest new Pencom DG does not have 15 years experience stipulated in Pension Act

PenCom unveils Pension Boost 1.0, raising monthly payouts for over 233,000 Nigerian retirees 

June 20, 2025
Lawyers suggest new Pencom DG does not have 15 years experience stipulated in Pension Act

Pension Fund Assets grow to N23.26 trillion as of February 2025 – PenCom 

May 12, 2025

Read: PenCom says 10 out of 22 PFAs met N5 billion regulatory requirement

In its compliance guidelines for life insurance policy for employees and the submission of insurance certificates issued to employers, PenCom said companies with no insurance covers for their workers would no longer be allowed to do any government business.

In lieu of this, PenCom requires organizations wishing to obtain the annual Pension Clearance Certificate to forward their application to the commission along with the following documents:

  • Certified list of employees as at the end of the last fiscal year by an authorized official of the organization.
  • Certified rate of monthly pension contributions, specifying employer and employee rates i.e. minimum of 10% by employer and minimum of 8% by the employee.
  • Evidence of remittance of monthly pension contributions for all employees showing the date of payment or remittance, names of employees, RSA Personal Identification Number (PIN) of employees, name of Pension Fund Administrator (PFA) and amount paid on behalf of employer and employer which will cover as follows: For the last 3 fiscal years – for organizations that were in existence for that period and have at least 5 staff, From the date of incorporation/registration/licencing – For organizations that have not been in existence for the last 3 fiscal years and from July 2014 to December 2016 – for organizations with 3 to 4 staff.
  • Evidence of remittance of all outstanding pension contributions and penalties. This is applicable only to organizations whose pension contributions have been reviewed by PenCom or its agent and found to be culpable.
  • Evidence of transfer of pension fund and assets prior to the commencement of the CPS to a licensed pension fund operator. This is applicable only to organizations that had pension arrangements before June 2004 when the CPS commenced.
  • Evidence of valid Group Life Insurance Policy for employees which should include amongst others: Certificate of group life, policy document and the evidence of payment.

Read: PenCom commences payment of 2.5% pension differentials to retirees

Applicants are to note that it takes 15 working days from the date of receipt for an application to be processed. Certificates or rejections can be picked up at the offices where the applications were submitted.

Also, applicants can confirm if their applications are successful by checking the Commission’s website: www.pencom.gov.ng where the list of organisations issued Certificates is updated daily.

Tags: Contributory Pension SchemeCPSPCCpencomPenCom Compliance Certificate
Zainab Iwayemi

Zainab Iwayemi

For further inquiries about this article, contact: Email: zainab.iwayemi@nairametrics.com Twitter: @IwayemiZainab LinkedIn: Zainab Iwayemi

Related Posts

Lawyers suggest new Pencom DG does not have 15 years experience stipulated in Pension Act
Fixed Income

PenCom unveils Pension Boost 1.0, raising monthly payouts for over 233,000 Nigerian retirees 

June 20, 2025
Lawyers suggest new Pencom DG does not have 15 years experience stipulated in Pension Act
Fixed Income

Pension Fund Assets grow to N23.26 trillion as of February 2025 – PenCom 

May 12, 2025
Lawyers suggest new Pencom DG does not have 15 years experience stipulated in Pension Act
Economy

PenCom recovers N1.58 billion from defaulting employers, pushes for full CPS adoption across states 

April 23, 2025
Lawyers suggest new Pencom DG does not have 15 years experience stipulated in Pension Act
Fixed Income

Nigeria’s pension fund assets hit N22.86 trillion in January 2025 – PenCom 

March 30, 2025
Lawyers suggest new Pencom DG does not have 15 years experience stipulated in Pension Act
Financial Services

PenCom sets June 1 deadline for new pension remittance system 

March 28, 2025
Lawyers suggest new Pencom DG does not have 15 years experience stipulated in Pension Act
Financial Services

PenCom approves Interswitch, Awabah, 7 others as pension payment providers in Nigeria 

March 25, 2025
Next Post
The cryptocurrency industry saw $25.1 billion in investments from venture funding

The cryptocurrency industry saw $25.1 billion in investments from venture funding

Comments 1

  1. Famous Onyemah says:
    February 8, 2024 at 7:05 pm

    Thank you for your concise write up on PENCOM.
    Please is the application submitted online or manually?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • 10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 
  • Geregu Power reports N13 billion Q2 2025 profit, up 61% YoY, beats Q2 forecast 
  • HealthCap Africa launches HealthTech Unicorns Report 2.0 in Lagos, charts bold future for Africa’s health innovation

Follow us on social media:

Recent News

10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 

10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 

July 12, 2025
Geregu Power PLC wins “Most Compliant Listed Company” at 2024 Made of Africa Awards  

Geregu Power reports N13 billion Q2 2025 profit, up 61% YoY, beats Q2 forecast 

July 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics