Business

Old Mutual warms against pension funds’ non remittance


By Mayamiko Phiri

BLANTYRE-(MaraviPost)-Old mutual pension services company has express worry over the tendency of some employers who fails to remit pension funds of their employees.

Old mutual pension services general manager Taonga Manda said this on Thursday, May 26, 202 in Blantyre when the firm engaged trustees of old mutual pension services company.

Old mutual pension service general manager Taonga Manda

Manda further said that failing to remit employees pensions contributions is punishable under the pension act.

He observed that some of employers have got a tendency of remitting pension contributions when their workers are about to retire from the service which causes some delays in sorting out the employee which is very inconvenient.

He therefore called upon employers to remit pension contributions in time so that they should not be hustlers when retirees wants to correct their dues.


Discover more from The Maravi Post

Subscribe to get the latest posts sent to your email.

Discover more from The Maravi Post

Subscribe now to keep reading and get access to the full archive.

Continue reading