- The Forum for Public Sector Registered Pension Schemes has warned of an impending strike
- According to the forum, its members would lay down their tools unless issues of low pensions are addressed
- The decision follows incessant complaints from pensioners about the monies paid them upon retirement
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Twelve public sector unions have drawn the attention of the government to low pension amounts paid by the Security and National Insurance Trust (SSNIT).
They have consequently called for reforms in two weeks else they will lay down their tools.
The 12, who have constituted themselves into the Forum for Public Sector Registered Pension Schemes, say they have been receiving complaints from pensioners with regard to the meagre amount paid them upon retirement.
Isaac Bampoe-Addo, chairman of the Forum and the Executive Secretary of the Civil and Local Government Staff Association, Ghana, (CLOGSAG), noted that the group is tired of the “…low past credits paid by SSNIT on its own terms, instead of complying with the dictates of the National Pensions Act, 2008 (Act 766 as amended) and directives from the National Pensions Regulatory Authority (NPRA).”
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Per a report by the Business and Financial Times, he added he intensity and sustenance of industrial actions during the early part of 2000 led the then Kufour government to establish the Presidential Commission on Pensions (PCP).
The PCP, he said, was tasked to critically examine the two pension schemes; the CAP 30 and SSNIT schemes, as well as other schemes.
They were then expected to recommend a sustainable pension scheme that would address the concerns of workers, he noted.
Meanwhile, real estate developers in Ghana are facing a myriad of challenges due to the economic impact of COVID-19.
Reports reveal that sales have fallen to a record low and firms are now operating at an average of 30%.
It has been further disclosed that servicing of mortgages are falling and developers are in the process of cutting down on costs.
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