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Business News of Wednesday, 21 November 2012

Source: GNA

NPRA releases second pension scheme statement

The National Pension Regulatory Authority (NPRA) on Tuesday fixed November 20 - December 3 for collection of provisional statements on workers’ five per cent contributions to the mandatory contributions to second tier occupational pension scheme.

The contributions cover a period January 2010 to June 2011. A statement issued by NPRA in Accra and copied to the Ghana News Agency in Accra said the provisional statements covers contributors of workers under the Controller and Accountant Generals’ Department payroll (public sector workers).

“All employers who made contributions on behalf of their staff during that period are encouraged to collect the provisional statements for onward distribution to their staff,” NPRA said.

The Authority said the 10- day nationwide distribution period would be done concurrently from 0830 hours to 1230 hours and 1300 hours to 1630 hours daily.

Employers and Institutions are requested to pick up the Provisional Statements through appropriately authorised representative staff (preferably Accountant or Human Resource Officers).

According to NPRA, each representative staff will be required to submit an Authority Note from his or her employer or Head of Institution bearing the collecting Officer’s name.

In addition, each representative staff must provide any of the following identification; Voters Identity Card, Drivers Licence, Passport, National Identification Card and finally, sign a log book before statements are released to them.

Employers and Institutions who have been paying contributions to the Second Tier Occupational Pension Scheme since January 2010 should endeavour to pick up the Provisional Statements by December 3.

The NPRA has designated agents of Daily Graphic (or Graphic Communications Group) who have been assigned to do the exercise in the 10 regional collection points.

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