Section 9: Deductions by employers from monthly salary of workers

(1)
An employer who has in its employment an employee earning a basic salary of N3,000 and above per annum shall deduct 2.5 per cent of the monthly salary of that employee as the employees contribution to the Fund.
(2) The amount deducted pursuant to subsection (1) of this section shall be remitted to the bank within one month of the making of the deduction.