Several retired Ghanaians are struggling to make ends meet due to low-income salaries by which their pensions are calculated. Some workers have argued that those on the SSNIT pension scheme are shortchanged compared to those on CAP 30.
Others have called for a significant increase in the payment of pension.
On GBC’s Current Affairs Programme, “Talking Point”, which assessed Ghana’s Tier Three Pension Scheme, the CEO of the National Pensions Regulatory Authority, Hayford Atta Krufi described as satisfactory, the current pension scheme the country uses, but said there should be more room for engagements for amendments of certain clauses.
The Director of Policy, Ministry of Employment and Labour Relations, Emma Agyeman does not agree with workers who say they are not properly educated on pensions especially Tier Three. Mrs. Agyemang said the law does not give room for those who wish to opt out because pension in Ghana is mandatory.
General Secretary of the Ghana Medical Association, Dr. Justice Yankson compared Ghana to other jurisdictions, saying the current management of Tier Three is not the best.