Millions in unpaid pensions may never be recovered
Government has vowed to step up enforcement in an effort to recoup millions of dollars in unpaid pension contributions from non-compliant companies.
Ministry officials said more than 2,100 companies are currently delinquent on pension payments, with an estimated $14 million in unpaid contributions outstanding.
Employment Minister Michael Myles warned that a significant portion of that sum may never be recovered because around half of the companies in question have not renewed their trade and business licences. For a more complete summary of the story, please see the below link:
Published on: Mar 26, 2026 03:39 PM