Tier 2 Pensions: Labour Unions Call Off Strike

Twelve labour unions which threatened to embark on a nationwide strike to press home their demand for the transfer of their Tier 2 Temporary Pensions Fund Account at the Bank of Ghana, into accounts of four fund managers responsible for the public sector occupational scheme, have called the strike off.

However, they have given an ultimatum of two weeks for an ad hoc Technical Committee established to review issues to address their concerns.

The Unions include the Civil and Local Government Staff Association of Ghana, CLOGSAG, the Teachers and Educational Workers Union, TEWU, the National Association Graduate Teachers, NAGRAT and The Ghana Medical Association, GMA.

The committee will be chaired by the Labour and Employment Minister, Ignatius Baffour Awuah and has four representatives each from government and organized labour.

Executive Secretary of General Secretary of the Teachers and Education Workers’ Union, Augustine Saaku Karbu told XYZ News, they expect the committee to present its report by October 10 to determine their next line of action.

“After our conference, the government through the labour union and ministry of finance invited all the twelve labour unions last week to a meeting. A way forward has been decided on, by setting up a technical committee to work closely within the next three weeks to come out with modalities on how to handle the transfer of funds from the temporal pension funds account to the various pension scheme for scheme managers to manage for the benefit of the members who are likely to go on retire from 2020 onwards. The members comprise the four schemes from the ministry of employment and labour relations. By now they should be working assiduously to meet the deadline. We as a labour union will state our position clearly on this matter.”

Chairman of the 12 Labour Unions and Executive Secretary of CLOGSAG, Isaac Bampoe Addo who declined to speak on record confirmed their uniform position and said a statement to that effect will be issued before the close of the week.