Need for fair and just pension for workers
Revelations by President Akufo-Addo that the Minister of Employment and Labour Relations should liaise with the Social Security and National Insurance Trust, SSNIT, and the National Pensions Regulatory Authority, NPRA to bring finality to all outstanding pension related issues in the next three months is indeed music to the ears. President Akufo-Addo at the May Day parade this year assured workers that government will pay Nine hundred million Cedis arrears it owes SSNIT whiles the remaining ¢800 million would be settled next year. The question on the minds of most people is whether this payment includes interest. This is indeed most welcome especially to public sector workers who rely mainly on SSNIT for their livelihood after retirement. SNIT is a statutory Public Trust charged under the National Pensions Act 208, Act 766 with the administration of Ghana’s basic National Social Security Scheme. Its mandate is to cater for the first of the three tier Pension Scheme. The fact is that...