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Business News of Wednesday, 1 May 2024

Source: GNA

TEWU of TUC-Ghana calls on government to pay all Tier-2 deductions to fund managers

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The Teachers and Educational Workers Union (TEWU) of the Trade Union Congress (TUC)-Ghana has joined with other labour unions to demand that the government pay, without further delay, all Tier-2 deductions and related arrears and penalties to the fund managers without fail.

The Union stated that any further delay in reimbursing fund managers with the Tier-2 deductions would short-change Ghanaian workers concerning their pension, especially return on investment.

King James Azortibah, the new General Secretary TEWU of TUC Ghana, said this in a statement copied to the Ghana News Agency in Accra to mark this year’s May Day.

“Is that how to treat people who have worked hard to keep the economy and other social development agendas of the country on course all their working lives”?

He said the current state of Tier-2, which was the lump sum for every pensioner, was a headache for those on retirement and those preparing to go.

“It is very worrying to say that since 2020, when the first batch of retirees under the new pension scheme retired, what was paid them as a lump sum is nothing to write home about,” he said.

Mr Azortibah appealed to the Controller and Accountant General’s Department (CAGD) to promptly remit the unions’ dues deductions in accordance with the law, to keep union activities running smoothly.

“The over-three-month delays in releasing dues deductions by the CAGD are a major challenge, which we expect to stop immediately,” he said.

He called on the Ministry of Finance to, as a matter of urgency, issue financial clearance for the recruitment of more non-teaching staff to fill the ever-increasing vacancies in the various educational institutions.

“We call, for quick engagement with our social partners, to deploy modern cooking gadgets to our schools to reduce the burden of stress in cooking for large numbers in the schools,” he said.

He called on the government to pay keen attention to negotiations to conclude the conditions of service for union members in universities and allied institutions.

That, he stated, would ensure a conducive working environment in the universities.

The Union had asked the citizens to join them and pray for peaceful 2024 elections.

“The Ghanaian workers and the entire population need peace to contribute their quota to national development,” he said.