Pensions Labour unions threaten strike over Tier-2 pension

The unions have demonstrated in the past to compel government to pay their contributions into their registered schemes but government refused to do so.

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Twelve labour unions have threatened to embark on a nationwide industrial action on November 15 if government fails to pay Tier-2 pension funds.

According to them, government is being lackadaisical in complying with a High Court judgment, which ordered the release of the second tier pension funds of public sector workers to their custodian banks by April 2016.

READ ALSO: BOG releases tier two pensions to private companies

The court gave the order after government sought an out of court settlement in the case in which it is battling the 12 labour unions as to who manages the tier two pension contribution of workers.

But addressing the media in Accra on Wednesday October 26, the chairman of the 12 labour unions, Dr Isaac Bampoe Addo said they would be compelled to strike by November if their demands are not met.

Public sector workers across the country have been battling the government’s decision to manage their second tier pension funds on grounds that such a decision is against the National Pensions Act, 2008 (Act 766).

But the government disagreed with the unions, citing the risk associated with unions running their own schemes.

The government subsequently inaugurated nine registered schemes to administer the tier two pension contributions of public sector workers.

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