ACCRA: "Security Services Will Remain On Existing Pension Programmes" – Information Minister
Ghana's Minister for Information, Kojo Oppong Nkrumah has hinted that notwithstanding government' plans of excluding the security services from the amalgamation of pensions, it has come to an agreement to allow them to remain on their already prevailing pension programmes.
According the Information Minister, after a careful examination of a report on the National Pensions Act, 2008 (Act 766), security services such as the Police Service, the Immigration Service, the National Fire Service, the Prison Service and all other security and intelligence agencies will be excluded.
He said “Cabinet consider the recommendations of the report seeking the following actions for the completion of the unification process. One, the exclusion of the security services that is the police service, the immigration service, the National Fire Service, the Prison Service as well as other security and intelligence agencies. Two, the amendment of Act 766 to exclude the security service from the unification of pensions"
“Cabinet granted approval for the above actions and directed the Minister for Employment and Labor Relations to commence processes to have the law amended to reflect this decision" he mentioned.
“The decision, therefore, is that the security services will not be subject to the unification of pensions and will remain on their old pension programmes. The security services will not be subjected or included in the programmed to unify pensions. They will instead remain on their already existent pension programmes like the Cap 30 and the other pension programmes that exist,” he said.
Explaining the rational behind the action, Kojo Oppong Nkrumah said they were excluded due because of the nature of work.
It will however be recalled that in 2018, Ghana began processes to unify its pension regime.
Story by: Joshua Kwabena Smith