Organized Labour to strike over pension funds

Organized Labour has given government a two week ultimatum to allow workers manage their funds under the National Pensions Act of 2008.

Workers under the act are required to contribute 5.5 per cent of their earnings into a private fund as part of a mandatory second-tier programme.

The pension scheme is currently managed by the National Pensions Regulatory Authority (NPRA) under the Temporary Pension Fund Account.

But Organized Labour is demanding government transfers the pension fund of members to them.

According to labour failure on government’s part to met their demands will lead to them embarking on a strike on the 14th of July, 2014.

By:  Rabui Alhassan/citifmonline.com/Ghana


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