Past credit pension payments of 2020 public sector retirees will be paid – Akufo- Addo

President Akufo-Addo has assured public sector workers that it will resolve the issue of ‘Past Credit’ for workers who had to retire from January this year.

According to President, “Government, through SSNIT, would pay the difference in the lump sum payments, between beneficiaries of PNDC Law 247 and those of Act 766, for those retiring in 2020, with effect from 1st January to 31st December 2020.”

The President made this known on Tuesday when he commissioned the refurbished Hall of Trade Unions at the Trades Union Congress in Accra.

He recalled the contents of a letter dated 24th August 2020, sent to him by the Secretary-General, on behalf of the TUC, requesting his intervention to “correct the injustice and unfairness in the implementation of the three-tier pension system”.

He told the gathering that he referred this matter to the Senior Minister, Hon. Yaw Osafo Maafo, who, after careful studies and deliberations, has laid out the position of government in this matter.

Indeed, 2020 marks the transition year where all public sector workers, retiring under the Three-Tier Pension Scheme, are having their pensions paid under the National Pensions Act, 2008, Act 766. 

Refurbished Hall

Touching on the refurbishment, President Akufo-Addo stated that in the run-up to the December 2016 elections, as part of several stakeholder engagements he held, he was at the Hall of Trade Unions, where he interacted with the leadership of the TUC, and outlined his vision for the transformation of the country, if he was elected President of the Republic.

“Indeed, the state of the Hall of Trade Unions, at the time of my visit in 2016, and in the early years of my administration, would have made the likes of Pobee Biney, Vidal Quist and their successors very sad,” he said.

Recognising and appreciating the efforts and sacrifices TUC has made towards the construction of the happy and prosperous Ghana we seek, he stated that “that is why when Government received the request from the leadership of the TUC to assist it to refurbish the Hall, we did not hesitate.

I have been told by the Minister for Finance that Government’s contribution to this refurbishment was twelve million, seven hundred thousand cedis (GH¢12.7 million)”.

This refurbished Hall, he explained, is a fitting and proper tribute to the memory and work of the leadership of the TUC of yesteryear and today, leaders such as Joe-Fio Meyer, John Tettegah, B.A Bentum, A.M Issifu, A.K. Yankey, Christian Appiah Agyei, Kwasi Adu Amankwah and Kofi Asamoah.

President Akufo-Addo continued, “I have been heartened by this, and I am determined, for as long as I remain, President of the Republic, to continue even more firmly on this path of co-operation and collaboration on which we have embarked to the benefit of the working people of our country”.

Source; Ghana/

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