The Chief Executive Officer (CEO) of the National Pensions Regulatory Authority (NPRA), Chris Boadi Mensah, has urged employers to strengthen compli­ance with the National Pensions Act, 2008 (Act 766) by le­veraging technology to ensure timely and accurate payment of pension contributions.

Mr Mensah in a speech read on his behalf by his deputy, Mr Victor Azuma Mejida, said employers were entrusted with key responsibilities under Act 766, including registering and enrolling all employees in mandatory pension schemes, deducting and remitting contributions within stipulated timelines, and keeping accurate records.

“These responsibilities go beyond statutory obligations; they reflect a fiduciary duty of trust that every employer owes to their employees,” he said.

Mr Mensah underscored the critical role of employers in safeguarding workers’ retirement security, stressing that they were the source of funds and vital data for effective pensions administration.

Highlighting the role of technology, he explained that the NPRA had automated its regulatory and administrative pro­cesses through a Risk-Based Supervision System (RBSS) and an Enterprise Resource Planning (ERP) platform. These systems enable the Authority to monitor pension service providers in real-time, standardise reporting, and streamline internal operations.

“Employers can now use digital platforms to simpli­fy filing of reports, streamline remittances, and improve record-keeping. For employees, this ensures real-time access to their pension statements, boosting confidence in the system,” Mr Mensah said.

He expressed concern about high rates of default, particularly in the private education and hospitality sectors, warning that such practices undermine workers’ retirement security. Compliance officers, he added, had been deployed nationwide, with prosecutorial powers to be invoked against persistent defaulters.

The NPRA reaffirmed its commitment to collaborate with employers, employees, and stakeholders to ensure retirement income security while advancing national devel­opment.