The Ghana Education Service (GES) Occupational Pension Scheme has given the government till the end of February 2023 to pay its payments, according to the Coalition of Concerned Teachers (CCT) (Tier 2).
Although the government deducts these payments from employees’ paychecks each month, the Coalition said that since the last payment was made in March 2022, there are over GH400 million in arrears.
King Ali Awudu, National President of the Coalition of Concerned Teachers, declared that if the government does not take the necessary action, the union will discontinue making contributions to the National Pensions Regulatory Authority on behalf of three other teaching unions.
“The money is not for the government; it is 5% of our salaries that are deducted, and the government has not paid the money to the Ghana Education Service Occupational Pension Scheme so that it can be invested to generate profits.
We are arguing that the government is defrauding us and disrespecting our future pensions.
Over GH433 million is at stake in all, and we are giving a deadline of February 2023 by which the money must be paid or we will stop sending the National Pensions Regulatory Authority its 5% fee.