Report by Ben LARYEA
The Civil and Local Government Staff Association, Ghana (CLOGSAG) have sent a strong warning to government to stay off its pension funds saying the country have been thrown into an economic crisis and that government has targeted their funds for economic support.
“As workers, we called for a better pensions scheme that would yield reasonable gratuities and lumpsums therefore government must not interfere in the pension funds of the Association” CLOGSAG further warns.
Speaking at the 2023 Mayday celebration on the theme, “Safeguarding Pension Incomes Now, To Avoid Old Age Crisis”, the Deputy Executive Secretary of CLOGSAG, Mr. William Karikari said the Association frowns on government’s attempt to impose its own private pension scheme on public sector workers hence workers are advising government to find other modules and methods to address the economic challenges.
“Organised labour including CLOGSAG engaged government to exempt pension funds from the Domestic Debt Exchange Programme (DDEP)”, he said adding that an attempt by government to go ahead, workers will find it difficult to have easy access on records to its pension funds.
He said CLOGSAG have warded off shrewd consultants attempting to control the privately managed schemes set up by the Association.
The Deputy Executive Secretary disclosed that members who were in the service before January 1st, 2023 have part of the Tier-2 fund in the form of past credits in the custody of SSNIT.
“Negotiations between governments, FORUM and SSNIT resulted in SSNIT adjusting interest rates on past credits although below commercial rates”, he said and again directed SSNIT to transfer all past credits of members within the public sector to their respective schemes as directed by the Labour Commission (NLC) in 2020.
BY: DANIEL ASARE Finance Minister, Dr. Cassiel Ato Forson has touted the country’s recovery from…
The Minister for Lands and Natural Resources, Hon. Emmanuel Armah-Kofi Buah (MP), has granted an…
Mr. Kennedy Agyapong Mr. Kennedy Agyapong, a presidential aspirant of the New Patriotic Party (NPP)…
Mr. Kwesi Pratt, Jnr, a member of the Coordinating Committee of the Pan African Progressive…
The President of the Republic of Ghana, H.E. John Dramani Mahama, brought the curtain down…
Story by George Yawson Vineh The Inspector-General of Police (IGP), Mr. Christian Tetteh Yohuno and…
View Comments
When I іnitially left a comment I seem to haｖe clicked tһe -Notify me whеn new comments are added- checкbox
and from now on whenever a comment is added I recieve 4 еmails with tһe exact same comment.
Perhaps there is an easy method you are able to removｅ mme from that service?
Thank you!
Hello to every body, it's my first visit of this weblog; this web site consists of
awesome and genuinely fine material in favor of readers.
Hi tһere mates, its fantaztic paragraph concerning educationand fᥙlly
explained, ҝeep it uр all tһе time.
Аlso visit my webpage custom furniture
Loving the infoгmation on this site, yoս have
dоne ɡreat job on tһe articles.
Here is my website bright colors, https://aproblemsquaredwiki.com/,
Good information. Lucky me I found your blog by chance (stumbleupon).
I have bookmarked it for later!
I believe everything posted made a bunch of sense. However, what
about this? what if you were to write a awesome post title?
I am not suggesting your content is not solid, but what
if you added a headline that makes people desire more?
I mean CLOGSAG warns government to stay off its pension funds - Theinsightnews is kinda plain. You might peek
at Yahoo's front page and see how they write news titles to get people to open the links.
You might try adding a video or a pic or two to get readers excited about everything've written. Just my opinion, it might bring your posts
a little bit more interesting.
Activate a Truist Ready Now Credit Line to get automatic overdraft protection—and it’s also there if you require cash for unforeseen expenditures.
You can also bet exact same game parlays (referred to as “Single Game Parlays”).
We are a group of volunteers and opening a new scheme
in our community. Your site offered us with valuable info to work on. You've done a formidable job and our
whole community will be thankful to you.
Unlike banks or on line lenders, credit unions are member-owned economic institutions.