Guidelines For The Payment Of Monthly Contributions To Registered Pension Schemes (NPRA/GD/PAY/01/13)

Every employer of an establishment to which the provisions of these Guidelines apply, shallin accordance with Sections 3 (3) and 96 of Act 766 deduct a sum equal to five per centum(5%) of the total eighteen and half per centum (18.5%), which makes up the employer andemployee contribution, made on behalf of every worker in the establishment immediatelyat the end of the month.4.2. An employer shall within fourteen (14) days from the end of each month transfer the fiveper centum (5%) contributions on behalf of each employee in its establishment to thesecond tier mandatory occupational scheme of which the employee is a member.4.3. Where an employer deducts a contribution from the salary of a worker, the contributionshall be held by the employer in trust until remitted to the named Trustee of the Scheme,which the worker belongs.

Procedures to Follow

Not Avaiable

Responsible Institution

National Pensions Regulatory Authority

SU Towers Accra

Relevant Forms to Download

Not Available

Fees & Charges

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