Pensions Commission Tells Employers To Remit Pension Fund In Time

The Insurance and Pensions Commission (IPEC) has encouraged employers to remit contributions early to avoid inconveniencing beneficiaries. The encouragement comes as some companies are reportedly not remitting employee contributions, who in turn face challenges to access them when required.

Speaking to delegates during a pension trustees’ basic training workshop in Gweru last week, IPEC’s pensions director Mr. Josphat Kakwere said:

The law provides that contributions should be remitted in time. We have often received complaints from beneficiaries who fail to get their pension funds because the employer was not remitting anything. It is your duty to ensure that members of the fund are adequately informed of their rights, benefits and duties in terms of the rules of the fund.

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