ONDO STATE
PENSION COMMISSION
PENSION COMMISSION
Ifeyinti d'rorun
Every Ministry, Department and Agency (MDA) in Ondo State is required by law to register with OSPEC, deduct employee pension contributions, and remit both employee and employer contributions promptly to each staff member's Retirement Savings Account (RSA).
This page outlines employer obligations under the Contributory Pension Scheme, the remittance process, compliance requirements, and resources to help your organisation stay compliant.
Register Your MDA →
Formally register your MDA and provide staff nominal roll for pension purposes.
Deduct the statutory employee contribution rate from monthly emoluments.
Remit employee and matching employer contributions to RSAs within the stipulated timeline.
Submit periodic remittance schedules and reconcile records with OSPEC and PFAs.
New MDAs and agencies can get compliant with the Scheme in four steps.
Provide your MDA's official details and designated pension desk officer to OSPEC.
Submit a full list of employees with RSA PINs for verification and enrolment.
Configure payroll deductions and link your remittance account to OSPEC's platform.
Commence timely monthly remittance of contributions and submit schedules to OSPEC.
| Requirement | Timeline |
|---|---|
| Monthly contribution remittance | Within 7 working days after payroll |
| Remittance schedule submission | Within 3 working days of remittance |
| New staff nominal roll update | Within 15 days of employment |
| Annual compliance return | On or before 31st January yearly |
Answers to questions employers and payroll officers ask most often.
Employers are required to match employee contributions at the rate prescribed under the Pension Reform Law and applicable circulars issued by OSPEC.
Late remittances attract penalties as prescribed by law, and OSPEC may notify the Office of the Head of Service for further action.
Submit the new employee's details and RSA PIN to OSPEC's compliance desk within 15 days of engagement for enrolment.
Yes. MDAs that are up to date with remittances and reporting can request a Compliance Certificate from OSPEC upon application.
Documents employers and payroll officers commonly need.
Our compliance desk is available to support MDAs with registration, remittance, and reporting matters.