The National Pension Commission has faulted states and some private companies for not funding 3.5 million pension accounts opened by their workers as of the end of 2020.
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The National Pension Commission has faulted states and some private companies for not funding 3.5 million pension accounts opened by their workers as of the end of 2020.
The implication of this default is that the workers under this category would retire without having any pension to depend on in their vulnerable old age.
Figures obtained from the commission on Monday on its review of monthly report of unfunded Retirement Savings Accounts showed the status of the unfunded pension accounts as of the end of 2020.
Total workers under the Contributory Pension Scheme stood at 9.2 million as of the end of 2020 according to the commission.