[ad_1]
General news for Friday, October 2, 2020
Source: www.ghanaweb.com
2020-10-02
Dr. Yaw Baah is the Secretary General of the TUC
The Trade Union Congress of Ghana (TUC) has said that while it welcomes calls for a national dialogue to revise the current retirement age, the current issue of global payments shortage to 2020 retirees must first be addressed. .
TUC Secretary General Dr Yaw Baah told GhanaWen on Friday, October 2, 2020, that the National Pensions Regulatory Authority (NPRA) is trying to tackle a long-to-medium-term problem when a current stalemate is looking directly.
“Our focus now is that a lump sum payment to some of our people who have retired, especially those who retired in 2020, is lower in our opinion than they should be receiving.
“That is our immediate concern, that is what we have written to the government and the president. That is urgent because some people are already retired and have a lump sum of less than GH ¢ 14,000 or GH ¢ 20,000 and some of these people have worked for more than 20 years. That’s what i expected [NPRA] to make a statement, ”said Dr. Yaw Baah.
Dr. Baah is reacting to the NPRA’s disclosure that it is considering proposals to increase the retirement age from the current 60 years.
NPRA Executive Director Hayford Attah Krufi said the Authority is also considering a similar proposal to increase deductions made from workers’ wages for the Social Security and National Insurance (SSNIT) pension scheme.
He said that proposals for reforms in the sector have been necessary due to the challenges facing the pension scheme.
The current pension law establishes that workers with full pension must have reached 60 years of age (55 years if they work in dangerous conditions) with at least 180 months (15 years) of contributions.
However, an early pension is also offered to workers aged 55 and over with at least 180 months (15 years) of contributions.
According to Mr. Atta Krufi, Ghana’s retirement age of 60 could result in workplace losses in human and financial resources.
But Dr. Yaw Baah said that while these proposals and the call for a discussion with stakeholders are welcome, they are not the immediate concern of retirees and unions.
“Put things first first … the immediate thing is that they should see how they can improve the lump sum of those who have retired, especially those who retired in 2020,” he urged the NPRA.
Send your news to
and features for
. Chat with us through WhatsApp at +233 55 2699 625.
