The Forum for Public Sector Registered Pensions Schemes, has called off its intended strike which was scheduled for Wednesday, October 28.
The industrial action formed part of their demands for an increment in pension benefits for its members.
The decision was reached after government and the Forum entered into terms of settlement at the National Labour Commission (NLC).
According to the Chairman of the Forum, Isaac Bampoe Addo, all that should be done to resolve the issues pertaining to past credits had been set out in the consent ruling hence the decision to call off the planned action.
“The Government, on one part and the FORUM, on the other, has agreed on terms of settlement that would bring about an amicable solution to the past credits impasse. The terms of settlement was filed at the National Labour Commission on 22nd October 2020.”
“We wish to state that the National Labour Commission accepted the terms of settlement as consent ruling in the matter on 26th October, 2020. In other words, what should be done to resolve issues pertaining to past credits had been set out in the consent ruling. It is therefore incumbent on the stakeholders to play their roles to make the consent ruling achieve its object of bringing finality to the problems associated with past credits.”
The Forum for Public Sector Registered Pension Schemes had earlier scheduled a strike over demands of an increment in pension benefits for its members.
For several months now, the group has been fighting for an increment in pension benefits by the Social Security and National Insurance Trust (SSNIT) but to no avail.
According to the group, SSNIT is not complying with the directives of the National Pensions Act, 2008 (Act 766 as amended), and the National Pensions Regulatory Authority for Tier 2 and Tier 3 schemes.
Despite the calls for better pension earnings structured in a three-tier pension scheme, they also claim that SSNIT has not transferred the past credits in its custody to the respective approved trusts to manage their tier two funds.
But for an invitation from the National Labour Commission to appear before it in June this year, the workers would have laid down their tools in the same month.