Breaking: CLOGSAG sends strong message to the government
The Civil and Local Government Staff Association (CLOGSAG) has informed Parliament that it would introduce legislation to alter the Pensions Act, 766, to let retirees opt out of the Social Security and National Insurance Trust (SSNIT) pension system.
According to CLOGSAG, this permits retirees who have worked their mandatory 180 months to get a greater pension.
According to the group, this demand is being made to ensure that pensioners are not worse off as a result of the SSNIT pension program.
The group also claims that this will result in greater retirement benefits for retirees.
This notification was issued by CLOGSAG Executive Secretary Isaac Bampoe Addo during the opening of the Public Services Pensioners Association in Accra.
The government has amassed nearly GHS40 billion in pension funds for retirees, according to the Deputy Minister of Employment and Labour Relations.
Mr. Bright Wereko Brobbey stated that the government will implement a risk-based method to secure the pension money for retirees.