National Retirement Scheme Act · s 11

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11.
Payment of contributions
(1) Except where otherwise provided in this Act, the employer shall, in the first instance, be liable to pay both the contributions payable by

National Retirement Scheme 16
himself and, on behalf of and to the exclusion of the employee, the contributions payable by that employee.
(2) Contributions payable by the employer for himself and on behalf of the employee under subsection (1) shall be paid in respect of the first and subsequent months’ wages.
(3) For the purposes of this Act, contributions paid by an employer on behalf of an employee are deemed to be contributions by the employee.
(4) Notwithstanding section 43, where an employer fails to pay any contribution due within such period as may be prescribed, the employer shall, in addition to such contribution, be liable to pay the rate of dividend which would have accrued on such contribution if the contribution had been paid at such rate and in accordance with such manner and calculations as the
Board may determine.

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s 11Payment of contributions

(1)

Except where otherwise provided in this Act, the employer shall, in the first instance, be liable to pay both the contributions payable by

National Retirement Scheme 16

himself and, on behalf of and to the exclusion of the employee, the contributions payable by that employee.

(2)

Contributions payable by the employer for himself and on behalf of the employee under subsection (1) shall be paid in respect of the first and subsequent months’ wages.

(3)

For the purposes of this Act, contributions paid by an employer on behalf of an employee are deemed to be contributions by the employee.

(4)

Notwithstanding section 43, where an employer fails to pay any contribution due within such period as may be prescribed, the employer shall, in addition to such contribution, be liable to pay the rate of dividend which would have accrued on such contribution if the contribution had been paid at such rate and in accordance with such manner and calculations as the

Board may determine.