Organised Labour strike in two weeks if...

Organised Labour has given government two weeks within which to remit funds under the new pension scheme, the National Pensions Act of 2008 (Act 766).

It says some of its members will be retiring next year and as of now Labour is unsure whether retiring workers will receive their pensions or not.

The new scheme is expected to take effect from next year.

“My office has been inundated with several petitions from workers,” said Reynolds Tenkorang, the Deputy General Secretary of the Health Services Workers Union, on TV3’s News 360 on Thursday.

He said a petition sent to President John Dramani Mahama has received no response yet.

“We decided that the best approach that will enable the president listen to us is through this action,” he stated.

Isaac Bampoe-Addo, the Executive Secretary of the Civil and Local Government Staff Association of Ghana (CLOGSAG), said pressure is being mounted on leadership by members regarding the funds, which is billed to be self-managed.

“After two weeks, whatever our members decide that’s what we will do.”

He bemoaned the politicisation of the second-tier scheme, blaming retiring workers' anxiety on that.

The scheme, which is a three-tier policy, is managed by the National Pensions Regulatory Authority (NPRA) under the Temporary Pension Fund Account (TPFA).