I want to ask u a question. We are like 3 in our small company, which began operations 8 months ago. My boss hired one girl 2 months ago to join us and Gbam! before you know it, he started deducting from our salary. Hmmn, I think it’s because of that girl that he began making deductions on our salary, Maybe they have a thing or two together.
Sha me I have small “were” oh, so I went to confront him about the deductions. He was laughing at this serious matter. He doesn’t know I can tell his wife about the whole issue. Well, he said the deductions were pensure or pension or what did he even call it sef? Anyway, me I want to confirm from a higher power before I now go and do something.
Dear Were Staff
LMHO!! you almost made me spill my coffee while reading your mail. That your were is bigger than you think. Well, I won’t blame you most people don’t know what the deductions on their payslip mean. Really not everything is a vexing issue, so calm yourself down.
Your boss is correct and the deductions are pension-related deductions. All employers must begin to remit pension on behalf of their employees once they have more than 3 employees. The employer contributes 10% of each employee’s monthly salary to a pension fund administrator (PFA) of the employee’s choice. The employer must also deduct 8% from the employee’s salary to remit to the PFA meaning 18% of an employee’s monthly salary must be remitted to the PFA monthly.
You can access the pension after you retire or a certain percentage if you remain unemployed for a long time.
So you see, your employer is actually doing you a favour and helping you build a nest for a rainy day so don’t go destroying his marriage o.
LOL, Enjoy your day