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Sunday, April 2, 2023

There is no ambiguity in pension law – Foremost Pensions Expert


Lead architect of Ghana’s new three-tier pension system, Daniel Aidoo Mensah, is surprised at the current impasse between public sector workers and government. 

Twelve labour unions have been on strike since the October 22, 2014, over what they say is the unlawful imposition of Pension Alliance Trustees as the company to manage their tier two contributions. 

Government has sued for an interpretation of the law insisting it has the exclusive preserve to appoint the trustee being the sponsor of the scheme as the employer. 

But in an exclusive interview with host of NewsFile Samson Lardy Anyenini Saturday, November 1, 2014, the pioneering head of the National Pensions Regulatory Authority – NPRA, was emphatic “there is no ambiguity about the law.” 

Mr. Mensah believes a healthy collaboration between employers and employees is critical to resolving the current problem. 

He says, though a bit hesitantly, that the appointment of the corporate trustee should be the job of the board of trustees which has at least one-third of employee-representation and which is formed by each company or group of companies to initiate all processes for managing the second tier occupational scheme.

Meanwhile, the striking workers are expected to resume work on Monday following an order by the Industrial and Labour court on Friday restraining them from continuing with their action in the next eight days.

Watch Mr. Aidoo Mensah make this emphatic statement in the video attached:


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