Occupational And Personal Pension Schemes (General) Regulations, 2011 (LI 1990)
Regulation 109
(1) An employer of a relevant employee shall ensure that a record of each payment of relevant income made by the employer to the employee is kept.
(2) The record shall include
(a) the total amount of each payment;
(b) the respective amounts of the items making up each payment described as "pensionable salary" in regulation 156; and
(c) the date on which each payment is made.
(3) An employer of a relevant employee shall ensure that a record of the date on which the employee's employment with the employer began is kept in respect of the employee until at least six months after that employment ceases.
(4) An employer of a relevant employee who is a member of a registered scheme shall ensure that records of the following particulars are kept in respect of the employee
(a) the name and correspondence address of the employee, and the date on which the employee's employment with the employer began; and
(b) the notice if any given by the employee authorising the employer to deduct voluntary contributions from the relevant income of the employee for payment to the registered scheme.
(5) The records shall be kept until at least six months after the employee has ceased to work for the employer.
(6) An employer of a relevant employee who is a member of a registered scheme shall ensure that the information required to be included in the remittance statement is kept in respect of the employee until at least seven years after the date of the remittance statement.
(7) An employer who, without reasonable excuse, fails to comply with this regulation is liable to pay to the Authority a penalty of two hundred and fifty penalty units for each day after the contribution period that the employer fails to keep the required records.
Procedure to Follow
Not Avaiable
Responsible Institution
National Pensions Regulatory Authority
SU Towers Accra
- Email: info@npra.gov.gh
- Website: npra.gov.gh
- GPS:
- Telephone: 0302968692
Relevant Forms to Download
Not Available
Online System
Link Unavailable
Fees/ charges
Not Avaiable
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