How to Resolve the Second-Tier Pension Impasse and Improve Pension Administration in Ghana

qvl8pcb54i_907931479_50958On 22 October 2014, twelve of Ghana’s labour unions – including public health, local government and education sector workers – out of eighteen autonomous national unions under the auspices of the Trades Union Congress (TUC) embarked on an indefinite strike to press home their demands over Government’s failure to pay their Tier 2 Pension Scheme contributions, and demanded full disclosure on the funds accrued in the scheme and control over selection of trustee for management of the funds. The National Pensions Act, 2008 (Act 766) which became operational on January 1, 2010, established a new three-tier contributory scheme with the National Pension Regulatory Authority (NPRA) mandated to approve, regulate and monitor trustees, fund managers and custodians, and to provide overall policy advice on pension matters.

Download Full Paper Here: GGDP_CIN5_Second_Tier_Pension_Impasse

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