Responsibilities

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This information is being maintained for archive/historical purposes only.
It will not be updated.

 

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As an employer, it is your responsibility to provide a pension plan for your employees. The best time to set up a pension plan is when you are initially establishing your business. If it is already established then we would be happy to work with you to ensure your compliance with the National Pension Law.

Other Responsibilities

The Employer must advise the pension administrators of the plan when a new person is hired and when an employee leaves.

The Employer must also advise the pension administrators of changes in business information such as address or phone numbers.

The Employer must provide any information requested by the National Pensions Office and within the specified time period.

Failure to comply

Failure to comply with these responsibilities can result in the laying of criminal charges and fines being levied against an employer.

Last Updated: 2005-12-06