FEDERAL GOVERNMENT MAKES NATIONAL IDENTIFICATION NUMBER MANDATORY FOR WORKERS

The Federal Government has mandated all workers under the Contributory Pension Scheme to produce their National Identification Numbers as part of their pension requirements.

The National Pension Commission disclosed this in a circular titled, ‘Notice on mandatory use of National Identification Number for all existing RSA holders’, yesterday.

The Pension Reform Act mandates every employer with a minimum of three employees to open an RSA for the workers, which would be funded by both employer and employees.

The employer is required to pay 10 percent while the workers are required to contribute eight percent of total monthly emolument.

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