The Teachers and Educational Workers’ Union,TEWU, has called on government through the National Pension Regulatory Authority to release the tier two pension fund to the Ghana Education Service Occupational Pension Scheme Board for investment.
The Union said such move would ensure that when their members retire in the year 2020, they would not be short-changed in the payment of the lump-sum of their retirement benefits.
This was in a statement signed by the General Secretary of TEWU, Augustine Saakuur Karbo in Accra.
Mr Karbo said the Union has been patient with government and its agencies with regards to the controversy surrounding the tier two pension funds and would resist any such attempt to delay the release of the fund to the Board.
He urged all our members to remain calm while the matter is pursued to its logical conclusion.
He however said any further excuse in delaying the release of the funds may compel the Union to advice itself”.
Mr. Saakuur Karbo said the TEWU’s leadership is reminding government especially the Ministry of Education to tread cautiously and not rush to implement the GES-SIC Group Life Insurance Policy without nationwide sensitization and education.
He said the GES-SIC Group Life Insurance Policy is not compulsory but voluntary, and that there must be forms made available to all staff during education and sensitization where interested members will subscribe to it voluntarily.
