Gov’t adamant in decision to appoint trustee for Tier Two pensions

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Asafo Agladza 11 years ago

It is the NPP who is misinforming the public over this issue, promoting and sponsoring the Unions to embark on strike for their own political agenda.
Politics the Ghanaian way as usual.
What a pathetic situation.

It is the NPP who is misinforming the public over this issue, promoting and sponsoring the Unions to embark on strike for their own political agenda.
Politics the Ghanaian way as usual.
What a pathetic situation.
Mahmoud 11 years ago

How can you negotiate with someone who is the accused and the judge at the same time? Moreover, he has a gun ready to fire at you?

How can you negotiate with someone who is the accused and the judge at the same time? Moreover, he has a gun ready to fire at you?
ATSU, HO 11 years ago

IF YOU DO NOT INTEND TO RENEGE YOUR POSITION THEN WHAT IS THERE TO NEGOTIATE? PLEASE COME CLEAR AND BE MORE CONSISTENT.

IF YOU DO NOT INTEND TO RENEGE YOUR POSITION THEN WHAT IS THERE TO NEGOTIATE? PLEASE COME CLEAR AND BE MORE CONSISTENT.
OLD SOLDIER 11 years ago

Author:..Rastafara"I"...

She just rented a hotel room at market rate!!! People.

Mahama brother took millions from a bank and said he will not pay because his brother is president...
Even a Gyan's brother can beat up ...
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Author:..Rastafara"I"...

She just rented a hotel room at market rate!!! People.

Mahama brother took millions from a bank and said he will not pay because his brother is president...
Even a Gyan's brother can beat up a journalist and walk away free....

Minister of Sports openly stool STATE money with Nyantekyi and he gets promoted...

Sack CHRAJ boss for renting a hotel room? That is the height of hypocrisy...Its not her fault that a third world country a hotel room cost $500 a night
Dr. Agyei 11 years ago

I want to place it on record that we the Ghanaian workers have never been contacted to decide on who manages our contributions!!!!
Those workers who do not want Snitt and PAT to manage their Pension contribution should be g ...
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I want to place it on record that we the Ghanaian workers have never been contacted to decide on who manages our contributions!!!!
Those workers who do not want Snitt and PAT to manage their Pension contribution should be given application forms to fill and choose who manage their contribution.
If you choose some company that chop your contribution, that 's your choice.
I have chosen Snitt and PAT only. Nobody dares give my money to any private company without my consent.
Dr. Agyei 11 years ago

I want to place it on record that we the Ghanaian workers have never been contacted by the so called Union leaders to decide on who manages our contributions!!!!
Those workers who do not want Snitt and PAT to manage their ...
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I want to place it on record that we the Ghanaian workers have never been contacted by the so called Union leaders to decide on who manages our contributions!!!!
Those workers who do not want Snitt and PAT to manage their Pension contributions should be given application forms to fill and choose who manage their contribution.
If they choose some company that chop their contributions, that 's their choice.
I have chosen Snitt and PAT only. Nobody dares give my money to any private company without my consent.
Frank Agyena-Karikari 11 years ago

Blame NPP on everything. It is the people's money so the government cannot force who should manage it. Like Nkrumah said sometime ago, "leave us to manage or mismanage our affairs."
People have lost confidence in Ghana beca ...
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Blame NPP on everything. It is the people's money so the government cannot force who should manage it. Like Nkrumah said sometime ago, "leave us to manage or mismanage our affairs."
People have lost confidence in Ghana because of corruption which goes unpunished. Nunoo Mensah is calling politicians in government as living like Arab Sheikhs while workers are not paid or underpaid. Boamah, is that how to communicate with workers-GOVERNMENT WILL NOT BUDGE. Yet he is minister for communication. If he took his his history lesson well, he will not underestimate the power of workers and the people. What will investors say about Ghana when Trade Unions are on strike? Will IMF and the World Bank take BROKE GHANA serious? What has happened in B. Faso should be an eye opener. For how long can the GOVERNMENT REFUSE TO BUDGE when workers remain on strike? Can the government handle it when workers hit the streets everywhere like it happened in B. Faso? Boamah, what is needed now is common sense.
Agladza, do you believe all workers are foolish to be bought by opposition? Are workers not aware when they are not paid but politicians are driving V8 vehicles? It is time government and people who are sycophants of parties reason beyond their noses. Ghana needs peace. The present strike bodes no one any good.
fire 11 years ago

prove it. are the workers fools?

prove it. are the workers fools?
SARPONG 11 years ago

Corney, now do you understand the issue now? You said there is nowhere in the world where workers have a say where their retirement funds should be invested.

Did I not tell you that the government has contracted with a pri ...
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Corney, now do you understand the issue now? You said there is nowhere in the world where workers have a say where their retirement funds should be invested.

Did I not tell you that the government has contracted with a private company called Pension Alliance to manage the workers pension? The Pension Alliance owners are a group of Ndc members using workers pension funds to do business including using pension funds money to buy Merchant Bank.
KK 11 years ago

You are a big fool who deserve to be living in the bush the land of the animals.

You are a big fool who deserve to be living in the bush the land of the animals.

Ugly Akufo Addo 11 years ago

Stupid fools

Stupid fools
Ras Bo @ London 11 years ago

They are so narrow minded that they will always dwell on shallow empty propaganda than to think of constructive alternative that will prove their ability as thinkers than “political hip pops” challenging and making empty ...
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They are so narrow minded that they will always dwell on shallow empty propaganda than to think of constructive alternative that will prove their ability as thinkers than “political hip pops” challenging and making empty utterances when silence would have earn them some respect.

It is very unfortunate to have calibre of people who displays nothing than greediness gluttony and cranking attitude towards each other. Even within their party they find it difficult to unite, how would they be able to unite the whole nation? NPP is a truly a joke they have nothing to offer. By their deeds you shall know them.

Ghanaians should not be blinded by these tax looters who only seek their interest by lobbying through their agents who are scattered throughout the country. Their sole interest is to make every regime ungovernable by castigating lies, ugly insults, throwing bombs, killing women, burning markets, lengthy shallow litigations in courts and false alarm blowers. What can they boast of themselves and what have they achieved for Ghana?
They want Ghanaians to be sub-servants to them whilst in their own thinking and mental deliberations; they perpetually remain slaves to neo colonialism
Kwame 11 years ago

Ain't you miserable? Think and look ahead and depart from Gov't controls that is killing GH. Is this a democracy? There is law to be interpreted but there is also the needs of workers who eventually will go on pension. You be ...
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Ain't you miserable? Think and look ahead and depart from Gov't controls that is killing GH. Is this a democracy? There is law to be interpreted but there is also the needs of workers who eventually will go on pension. You better listen to them or they will remain intransigent; suspecting the Gov't has misapplied their money. Open up and take away the fears and you will see how reasonable workers are. This has nothing to do with NPP; its about trust thrown into the wind.
Ras Bo @ London 11 years ago

What do you know? If workers suspect Govt why dont they investiagte, verify or take government to court to seek transparency.
it is unfortinate that you are too dumb to think. That why you follow hypocrites. Free yourself f ...
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What do you know? If workers suspect Govt why dont they investiagte, verify or take government to court to seek transparency.
it is unfortinate that you are too dumb to think. That why you follow hypocrites. Free yourself from mental slavery, make your own case and cease from dirty thinking.

I can see things you cannot see nor understand. People like you are very useless who only cling on insult when they are at their wits end by using “PATAPAA” to cover your shameful silly behaviour. This silly self esteemed and endemic mental slavery of yours and many other like minded people is what is drawing Ghana back. When thinkers are trying to fix problems, Idiots like you come in to contribute. APONKYE, TUKULTAKLE.
Che Andrew 11 years ago

I share a lot of your views but will should all insist on abiding by the law rather than being "intransigent". The government has disclosed the amount of the pension money so far. No Union leader has challenged that. The gove ...
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I share a lot of your views but will should all insist on abiding by the law rather than being "intransigent". The government has disclosed the amount of the pension money so far. No Union leader has challenged that. The government has disclosed where the money is. No worker or Union leader has challenged that. The government has asked the law courts to interpret the pension law and it has done that,, so one would think the Union Leaders should either comply with the court order or appeal but they have chosen to be "intransigent". You call such bunch of fellow leaders?
Frank Agyena-Karikari 11 years ago

Che, we are not in a communist state where the government unilaterally decides who keeps workers' pension, where Boamah Omane tells workers that GOVERNMENT WILL NOT BUDGE. Will workers take government serious. Mahama should b ...
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Che, we are not in a communist state where the government unilaterally decides who keeps workers' pension, where Boamah Omane tells workers that GOVERNMENT WILL NOT BUDGE. Will workers take government serious. Mahama should be serious before Ghana becomes a lawless state.
The 11 years ago

Ras this your comment doesn't belong here, unless you are so confused and scared about your useless NDC government loosing power so any resistance like the workers resistance to you is opposition NPP. Read the story again and ...
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Ras this your comment doesn't belong here, unless you are so confused and scared about your useless NDC government loosing power so any resistance like the workers resistance to you is opposition NPP. Read the story again and comment sensibly until that is done this your comment is senseless.
Mama Tula 11 years ago

What a wonderful contribution. The characteristics of the NPP in general are the exact words used in this article. It is a party people very much detest. Once they are not in power they will do everything possible to undermin ...
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What a wonderful contribution. The characteristics of the NPP in general are the exact words used in this article. It is a party people very much detest. Once they are not in power they will do everything possible to undermine the party in power and make the country ungovernable. Kulungugu Bomb Throwers.
yoofi 11 years ago

Mama Tula u can say that again. You know these NPP guys inside out ,the feel if it is not them then everything is bad but God is watching them

Mama Tula u can say that again. You know these NPP guys inside out ,the feel if it is not them then everything is bad but God is watching them
Frank Agyena-Karikari 11 years ago

How do you expect your workers to work well when some of them have not been paid for 22 months but you drive in luxury vehicles? Read about the corruption Nunoo Mensah talked about last week. Who are the tax looters? GEEDA, A ...
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How do you expect your workers to work well when some of them have not been paid for 22 months but you drive in luxury vehicles? Read about the corruption Nunoo Mensah talked about last week. Who are the tax looters? GEEDA, Akonfem SADA, The rot at National service, Wayome,Sports Council and yet nobody goes unpunished but transferred? Those who talk about Neocolonialism can move and live in North Korea.

Time Will Tell 11 years ago

NDC:....keep insulting....keep stealing...keep looting...keep lying... Time Will Tell...

NDC:....keep insulting....keep stealing...keep looting...keep lying... Time Will Tell...
THE TRUTH 11 years ago

PERIOD THAT IS THE SPIRIT NPP SHOULD NOT BE ENCOURAGED TO BE USING OUR INSTITUTIONS LIKE PUPPETS

PERIOD THAT IS THE SPIRIT NPP SHOULD NOT BE ENCOURAGED TO BE USING OUR INSTITUTIONS LIKE PUPPETS
fire 11 years ago

prove npp is is manipulating th workers. don't insult the workers that they can't for themselves. you are annoying us to stick to our guns.

prove npp is is manipulating th workers. don't insult the workers that they can't for themselves. you are annoying us to stick to our guns.
Mama Tula 11 years ago

Come on, go ahead and stick to your guns and stay in the house for months without pay and see who will suffer.

Come on, go ahead and stick to your guns and stay in the house for months without pay and see who will suffer.
Frank Agyena-Karikari 11 years ago

They shall not stay at home alone but hit the streets and there will be chaos. Yes, destruction of government property and the police cannot control them. Even party members are able to destroy party properties and there is n ...
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They shall not stay at home alone but hit the streets and there will be chaos. Yes, destruction of government property and the police cannot control them. Even party members are able to destroy party properties and there is nothing the police and military are able to do. Is it not simple logic for the people to be allowed to invest deductions from their pension money where they want? Yes all will suffer because accountant general's dept and min of finance workers are on strike too. So Soldiers, police Wardens and Fire officers and others who went to work will not be paid. It is time Mahama's government understands government to avoid chaos. Members of government can flee but will be uncomfortable. Ask Nkrumah whether he was happy in Guinea.
Mama Tula 11 years ago

Frank, yes it is simple logic and they can sit down with the government and talk but not go on indefinite strike which is politically motivated. You and your cohorts can cause chaos in this country and make it ungovernable bu ...
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Frank, yes it is simple logic and they can sit down with the government and talk but not go on indefinite strike which is politically motivated. You and your cohorts can cause chaos in this country and make it ungovernable but it is you and I who will suffer at the end. I bet you they will always flee and be comfortable, don't deceive yourself. Let us be reasonable and not be fool hardy with party colours. Destroy this country in one day and you will realize how long it will take to build it. I am pretty sure when this problem will be solved eventually there will be another NPP sponsored strike thereafter. We should stop fooling ourselves.
HARD LISTENERS 11 years ago

What else do you expect from this govt? with merchant bank gone despite they themselves screaming at the top of their voices that it would not sell the bank, this is the next agenda on the table.

What else do you expect from this govt? with merchant bank gone despite they themselves screaming at the top of their voices that it would not sell the bank, this is the next agenda on the table.
yho 11 years ago

when will this negotiations end and peeve way for our children go to school NDC is collapsing the nation

when will this negotiations end and peeve way for our children go to school NDC is collapsing the nation
yoofi 11 years ago

Can u listen to urself. Do u hv to comment even if u dont hv anything meaningful to contribute?

Can u listen to urself. Do u hv to comment even if u dont hv anything meaningful to contribute?
Abrantie 11 years ago

Akufo-Addo want to use workers money to campaign for 2016 election which he will lose miserably. The fraudulent data bank and Yoefi Grant will lose this battle.

Akufo-Addo want to use workers money to campaign for 2016 election which he will lose miserably. The fraudulent data bank and Yoefi Grant will lose this battle.

Abaa Dubi 11 years ago

please, Mr. minister, you haven't said anything sensible .

please, Mr. minister, you haven't said anything sensible .
jt 11 years ago

Npp in trouble what u saying, no money for my campaigns, u better go back and bring better news.

Npp in trouble what u saying, no money for my campaigns, u better go back and bring better news.
Mama Rosina 11 years ago

To allow somebody to manage my money and siphon it, it would be better if I manage my own money even if I will not earn profit or even loose it.

To allow somebody to manage my money and siphon it, it would be better if I manage my own money even if I will not earn profit or even loose it.
Yaw Ohemeng 11 years ago

Instead of people reading NPP and NDC into this, they should rather consult the Act that introduced the pension reforms. Why are we so afraid of finding things for ourselves? The Act is readable and self-explanatory.

Faili ...
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Instead of people reading NPP and NDC into this, they should rather consult the Act that introduced the pension reforms. Why are we so afraid of finding things for ourselves? The Act is readable and self-explanatory.

Failing that people should go to the website of NPRA where there are abridged articles on the Pension Reforms.

The Act says quite clearly that the Tier 2 pension contributions belong solely to the workers. These are monies deducted from their salaries to be invested on their behalf. To say that they should not have a say in how the money is invested is dishonest and illegal.

The State is already looking after 13.5% out of the 18.5% via SSNIT. SSNIT is to provide a basic pension to all contributing workers. The second tier is to reflect the differential contributions made by each worker, meant to reflect different earnings.

In the situation where people already had problems with SSNIT, the tier 2 was to offer workers and their employers the opportunity of establishing Occupational pension schemes, where these schemes bear the risk of investment. There are very tight rules on the assets the schemes can invest in. They are mandated to take out insurance to cover any potential investment losses.

The schemes were required to define the benefits and to give each contributor annual statements stating the funds accrued in their name.

If this has not happened since 2010, are workers not within their right to ask about what has happened to their own monies? Where is the politics to ask for transparency regarding your own 'savings'? Let us grow up and stop this stupid partisanship with which we greet everything in Ghana.
Cool 11 years ago

When did the government claim ownership of the scheme? Government says it is employer sponsored and the Trustees will be appointed by Government as an employer
What is the use of all this grammar? Government will always be t ...
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When did the government claim ownership of the scheme? Government says it is employer sponsored and the Trustees will be appointed by Government as an employer
What is the use of all this grammar? Government will always be there (NDC, NPP QRS et) but we cannot allow the Union leaders to appoint trustees. They should be consulted though but they should not expect their choice to prevail but rather who meets the consensus criteria on who should be the trustees
Yaw Ohemeng 11 years ago

If this was meant to shed light on the issues at stake; you have done none of the sort and it exposes you as not being fully abreast with the reformed pension.

The government is not the only employer involved in the tier 2 ...
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If this was meant to shed light on the issues at stake; you have done none of the sort and it exposes you as not being fully abreast with the reformed pension.

The government is not the only employer involved in the tier 2 pensions: it also includes private sector employers. Private sector employers have also made deductions from the salaries of their employees. So if what you are saying is true, why are private sector employers not being left alone to choose their own trustees?

Secondly it is only the NPRA that approves trustees. This is not the function of the employers. Once trustees are approved, the various employee schemes have a choice as to which of them to contract. So far 5 of such trustee companies have been approved by the NPRA but the government has chosen to deal with only one of them, in effect imposing them on all workers whether they are in the public or private sector.

The last point is that when a trustee company is formed, they are required by law to have members of the scheme forming at least one-third of their board. That is a minimum one-third of the board should be employees. So assuming that the government, as an employer, has decided to contract Pension Alliance Trustees (PAT), do they have at least one-third of their board made up of workers?

There are more questions to ask regarding the investment objectives of PAT, the assets they are investing in, statements of accounts since they started operating, what has accrued to individual members etc.

But why do I have to waste my time when you obviously do not understand the issues involved?
STRIKE 11 years ago

The Mahama NDC gov't has looted the tier-two pension funds of Ghanaian workers. The funds have been looted. It's not sitting in any bank anywhere. According to the law, these monies should be transferred, and the Mahama NDC g ...
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The Mahama NDC gov't has looted the tier-two pension funds of Ghanaian workers. The funds have been looted. It's not sitting in any bank anywhere. According to the law, these monies should be transferred, and the Mahama NDC gov't's failure to transfer the tier-two pension funds, shows completely that, the funds have been looted. The posturing of the Mahama led NDC gov't is clearly reckless, lawless and borders on impunity, in flouting the laws establishing the tier-two pension funds and it's management. Inherent in this position is the fact that, the tier-two pension funds has been massively looted, and cannot be found anywhere under the Mahama NDC gov't. Going forward, the Mahama/Amissah Arthur NDC gov't should return the looted tier-two pension funds of Ghanaian workers and transfer it as prescribed by the law with alacrity.
George SIPA 11 years ago

Thieves!!!!!!!!!!!!

Thieves!!!!!!!!!!!!
AGOO 11 years ago

OUR GALANT WORKERS SHOULD BE CAREFUL NOT TO FOLLOW POLITICIANS WHO ARE OUT TO INCITE WORKERS AGAINST NDC GOV'T. NPP HIT THE GRPOUND RUNNING WITH ALL ATTEMPTS TO MAKE THIS GHANA UNGOVERNABLE IMMEDIATELY AFTER LOSING THE 2000 E ...
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OUR GALANT WORKERS SHOULD BE CAREFUL NOT TO FOLLOW POLITICIANS WHO ARE OUT TO INCITE WORKERS AGAINST NDC GOV'T. NPP HIT THE GRPOUND RUNNING WITH ALL ATTEMPTS TO MAKE THIS GHANA UNGOVERNABLE IMMEDIATELY AFTER LOSING THE 2000 ELECTIONS. DEAR WORKERS, PLEASE THINK ABOUT THE FUTURE OF THIS COUNTRY
EDEM 11 years ago

Omane your explanation is murky come again are you saying per your explanation that employers would short change their employees when the go on pension

Omane your explanation is murky come again are you saying per your explanation that employers would short change their employees when the go on pension
KK 11 years ago

You are a big fool who deserve to be living in the bush.

You are a big fool who deserve to be living in the bush.
JAKE 11 years ago

I am finally disappointed about the way Govt is handling this issue of tier 2 pension . Yes public sector workers go on retirement in pain and anger. Politicians go home with huge xgratia in just 4 years. why would commun ...
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I am finally disappointed about the way Govt is handling this issue of tier 2 pension . Yes public sector workers go on retirement in pain and anger. Politicians go home with huge xgratia in just 4 years. why would communication minister address worker the way he likes.
summy addo 11 years ago

YES, COCOA FARMERS PENSION SCHEME A MIRAGE . MEANWHILE PURCHASING CLERKS AND THE DOs ARE BULLYING US WITH SCALE ADJUSTMENTS

YES, COCOA FARMERS PENSION SCHEME A MIRAGE . MEANWHILE PURCHASING CLERKS AND THE DOs ARE BULLYING US WITH SCALE ADJUSTMENTS

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Gov’t adamant in decision to appoint trustee for Tier Two pensions

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