The Forum for Public Sector Registered Pension Schemes has accused the Social Security and National Insurance Trust (SSNIT) of foot-dragging with the implementation of modalities for past credits.
The past credit is the contribution of workers to SSNIT before the coming into force of ACT 766, which brought about the Three-Tier Pension Scheme.
Today SSNIT is reluctant to come out with modalities for the calculation on past credit earned as of December 2009, based on a hundred percent treasury bill rate compounded quarterly and the release of statements to each contributor.
GBC’s Radio Ghana asked the Director of Finance of CLOSSAG, John Ankrah to explain what the issues are.
Mr. Ankrah said if SSNIT fails to do what it has been directed to do by the regulator, the country risks industrial unrest.
