Pension Scheme Archives - Ghana News Express

Vice President Dr Mahamudu Bawumia says the launch of the Cocoa Management System (CMS) will play a significant role in the implementation and efficient management of the soon to be launched Cocoa Farmers' Pension Scheme. The CMS is an online portal, which will capture the database of cocoa farmers digitally, and was launched by Vice President Bawumia, October 23 in Accra. It will also play a significant role in the efficient implementation of the Cocoa Farmers' Pension Scheme. Speaking at the launch, Vice President Bawumia said the technological innovation is a game-changer, which will transform the cocoa sector in the country, and immensely benefit cocoa farmers as the government was set to launch the Scheme, but will require accurate data from cocoa farmers. Dr Bawumia ...

Dr Yaw Baah, Secretary General, Trades Union Congress (TUC) Ghana, has reiterated the union’s calls on government to rectify the “unfairness and discrimination” in the implementation of the three-tier pension scheme and adjust upwards, the low lump-sum benefits of pensioners.The TUC said pensioners were being shortchanged in terms of the lump-sum benefits they received, adding that the situation, including the miscomputation of Past Credit by the Social Security and National Insurance Trust (SSNIT), was worrying and would not be allowed to continue.He indicated that workers who retired from January 2020 were worse-off as they were receiving lump sums benefits way lower than what they would have received from SSNIT had they retired under PNDC Law 247 – which required SSNIT to pay 25 per ce...

Tag: Pension Scheme

Cocoa Management System is an innovation for smooth implementation of Cocoa Farmers’ Pension Scheme -Veep

TUC calls for proper implementation of three-tier pension scheme