According to Premium Times, the law stipulates that the deductions should be remitted within seven days.
The workers did not mince words when they confronted Governor Ibikunle Amosun on the matter, during the workers’ day rally which held at the Moshood Abiola International Stadium, Abeokuta on Sunday, May 1, 2016.
Speaking on behalf of the workers, the Chairman, Trade Union Congress of Nigeria, Ogun State Council, Olubunmi Fajobi said “We wish to voice out again that the state government should heed to our demand for the suspension of the contributory pension scheme. This demand is borne out of the fact that government has continuously not shown commitment to faithfully run the scheme.”
“Why should government continue to violate its own law? Failure to remit fund deducted to Pension Fund Custodian through PFA’s within seven (7) days is a serious offence under the CPS law. Unfortunately, Ogun State Government has failed to remit CPS fund for 69 months,” he added.
The Ogun State Government recently threatened to withhold the salaries of workers who refuse to resume work on Monday, March 14, 2016.