NATIONAL Pension Scheme Authority (NAPSA) has sued Intelligent Mobility Solutions Limited (IMS) in the Lusaka High Court, claiming payment of K141,000 in respect of penalty arrears, for allegedly remitting monthly contributions late.
NAPSA is claiming payment of K141,760.07 in respect of penalty arrears as a result of none or late contribution of penalty arrears.
It also wants interest, damages, costs and any other relief the Court may deem fit.
In a statement of claim filed in the Lusaka High Court, Thursday, NAPSA stated that it was a statutory body whose principal function was to implement policy relating to the National Pension Scheme and control and administer the Scheme.
It added that it was by law mandated to collect monthly statutory contributions from contributing employers.
NAPSA stated that IMS was a statutory body established under the provisions of the Road Traffic Act No. 11 of 2002.
It stated that it shall state at trial that IMS was a contributing employer registered as a Tax Payer with contracts of service with employees under the National Pension Scheme Act No. 40 of 1996.
NAPSA further stated that IMS was mandated to pay to the National Pension Scheme a contribution in respect of its employees in its employment at the end of each month.
“That if the aforementioned payment is not made within the stated time limit, such a payment would attract a 20 per cent cumulative penalty for each month. IMS has been remitting monthly contributions, albeit late, as a result IMS has accumulated debt in penalty arrears in the sum of K141,760.07,” read the claim.
It stated that despite several reminders and written correspondence that IMS effect its mandatory requirement to comply with the law, IMS had neglected or failed to pay the sum of K141,760.07.