Ghana. Workers urged to invest in Tier-3 pension scheme
The President of Civil and Local Government Staff Association, Ghana(CLOGSAG), Dr Evans Dzikum, has asked workers to make a deliberate effort to invest part of their earnings in the voluntary Tier 3 pension scheme administered by private entities.
He said that was the surest way to what he described as a happy old age as majority of workers under the present pension scheme would be entitled to only a quarter of their current incomes during retirement.
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Launching a new pensions fund by Hedge Pensions Trust (HPT) on Tuesday, September 29 in Accra, Dr Dzikum stated that the although every worker retired with the hope of enjoying a good life, some got disappointed at the end of their working life because some employers failed to pay their workers’ contributions as expected.
However, he explained that the introduction of the two new pension tiers, Tiers 2 and 3 had paved the way for employers and employees to contribute more for a better future.
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