It is becoming clear that 87 percent of public sector employees earn less than $3000 per month as a base salary.
This was revealed at a stakeholder engagement forum between the TUC leadership and the Social Security and National Insurance Trust (SSNIT).
According to SSNIT, this trend explains the meager pensions received by public sector workers upon retirement.
“We urgently need a pay reform in the public sector.” It appears that more than 80% of us will retire with peanut pensions. Many of our retired colleagues are either dead or living in abject poverty. This cannot continue, which is why we welcome SSNIT’s involvement with us,” TUC Deputy General Secretary Joshua Ansah told Joy Business.
Meanwhile, SSNIT has called for a consolidation of public sector workers’ salaries and allowances to supplement meaningful pension payments.
According to Kingsley Adjei Manu, the General Manager of Operations, such a merger will not only formalize pensions and deepen penetration, but will also benefit pensioners in accordance with international standards.
“Merging salaries and allowances is critical because we have discovered that salaries are meager when compared to allowances.” “A consolidation will make up for this deficit, increasing the returns to these public sector workers,” he said.
This participation is part of SSNIT’s strategic plan to increase public awareness of pension contributions.
