By Benjamin Akoto, GNA
Sunyani, June 03, GNA – The National Pensions Regulatory Authority (NPRA) has encouraged informal sector workers to take advantage of the third-tier pension scheme for secured lives after retirement.
Mr William Ohene-Adjei, the Sunyani Zonal Head of the NPRA who gave the advice in an interview with the Ghana News Agency in Sunyani said it was proper for workers to set aside part of their earnings while they were still strong to enjoy the benefits in future.
He explained the third-tier is a voluntary pension scheme managed by corporate trustees and regulated by the NPRA to help informal sector workers to plan well for their old age.
”Those in the informal sector can guarantee their future financial security by investing or saving a little of their earnings as the mode of payment is flexible, Mr Ohene-Adjei stated
He said until 2010 pension schemes were for formal sector workers only, saying that had permeated the minds of the people, especially those in the informal sector.
But the introduction of the new National Pension Act 2008, Act 766 has allowed for informal sector workers to plan for their retirement by joining any of the voluntary pension schemes managed by corporate trustees, Mr Ohene-Adjei explained.
”It was time for people who still harboured that perception to disabuse their minds and join a pension scheme while active and working irrespective of the sector, so that they can be guaranteed enjoyable lives on retirement,” he said.
GNA
