Zimbabwe: Tougher Action Against Employers Not Remitting Pension Contributions
Errant employers who do not remit the pension contributions of their employees will soon face both criminal charges and civil action with the proposed Pension Fund and Provident Fund Act now being debated by the Senate, upgrading the present law to protect pension funds.
The Bill being debated this week in Senate replaces the present Pension and Provident Funds Act and upgrades the requirements for the registration and administration of pension and provident funds.
Clause 17 of the Bill compels employers to remit pension contributions deducted from their employees within 14 days from the end of each month or face criminal charges and civil action, with company directors or executives ordinarily responsible for pensions facing action in their personal capacity as well as representatives of the employer.
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