TUC calls for proper implementation of a three-tier pension scheme



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Trades Union Congress (TUC) Ghana, Dr. Yaw Baah, Secretary General, has reiterated the union’s calls on the government to rectify the “injustice and discrimination” in the implementation of the three-tier pension plan and to adjust upwards the low lump sum benefits of pensioners.

The TUC said that pensioners were being scammed in terms of the overall benefits they received, adding that the situation, including miscomputation of Past Credit by the Social Security and National Security Trust (SSNIT), was concerning and not it would be allowed to continue.

It indicated that workers who retired as of January 2020 were in worse condition, as they received much lower lump sum benefits than they would have received from SSNIT if they had retired under PNDC Law 247, which required that SSNIT will pay a 25% lump sum to taxpayers.

Dr. Yaw Baah, who spoke at a regional pension forum in Tema, called on the government to engage stakeholders to address the anomaly and make the pension scheme more sustainable.

The forum, organized by the TUC in association with the Friedrich Ebert Stiftung, sought, among other objectives, to sensitize members about the pension reforms in Ghana, the overview and implementation of Law 766, which introduced the pension scheme of three levels.

He said there were a number of attempts, albeit unsuccessful, to get the government to convene a stakeholder meeting to address the concerns and related issues of pensioners.

Dr. Baah added that there was apparent discrimination in the payment of pensions that should be adequately addressed, explaining that the reforms that led to the current pension plan were not being properly implemented to address the concerns of workers and pensioners.

Therefore, he called on the government to urgently convene a dialogue with stakeholders to further discuss ways to address the “unfair, unfair and discriminatory” treatment that is being applied to pensioners and, ultimately, strengthen the pension plan. .

The general secretary of the TUC Health Services Workers Union, Mr. Reynolds Ofosu Tenkorange, advised Ghanaian workers to properly prepare for the pension and reap the benefits of it.

He reiterated the need for the government to organize a stakeholder forum to address the challenges faced by workers, in particular to ensure that pensioners receive their fair share.

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