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Are you in compliance?
The National Pensions Office (NPO) first priority is to ensure that employers are in compliance with the National Pensions Law (NPL).
Section 4 of the NPL states that every employer shall provide a pension plan and make contributions on behalf of every person employed by them (with limited exceptions).
Any employer in contravention of this section can be subject to a fine of up to $10,000.
Pension coverage is not optional, it is compulsory for both the employer and all eligible employees.
Last Updated: 2006-11-27