It is emerging that 87% of public sector workers earn less than ¢3000 as basic monthly salary.
This was revealed at a stakeholder engagement forum between the leadership of the Trades Union Congress (TUC) and the Social Security and National Insurance Trust (SSNIT).
The trend, according to SSNIT, accounts for the meager pensions public sector workers receive upon retirement.
"We need an overhaul of public sector wages and we need it now. It appears that over 80% of us retire with peanuts as our pensions. Many of our colleagues who have retired are either dead or in abject poverty. This can't go on and that's the reason why we are welcoming SSNIT's engagement with us”, Deputy General Secretary of the TUC, Joshua Ansah, told Joy Business.
Meanwhile, SSNIT has also called for a consolidation of salaries and allowances of public sector workers to complement meaningful pension payment.
According to the General Manager of Operations, Kingsley Adjei Manu, such a merger will not only formalise pensions and deepen penetration but also leave pensioners better off - per international standards.
"Merging both salaries and allowances is important because we have realised that salaries are meager as compared to allowances. A consolidation will make up for this deficit and in turn increase the returns to these public sector workers," he stated,
This engagement forms part of SSNIT's strategic plan to deepen public knowledge on pension contributions.
Latest Stories
-
Bagbin risks 10-year jail for defying Supreme Court – Justice Atuguba
22 mins -
The Exploratory partners HPW Ghana to expand practical STEM education in rural Ghana
24 mins -
Path to economic recovery challenging but overarching trend remains positive – GIPC
35 mins -
Mobile Money fraud: Deloitte to hold training on Fundamentals of Digital Forensics and e-Discovery
39 mins -
Ghana bagged $179.07m from FDIs in first-half of 2024
43 mins -
MobileMoney rewards loyalty, excellence at its 15th anniversary celebration
55 mins -
2024 Election: Predictions of NDC victory cannot hold – Yendi MP
2 hours -
Ghana’s Petroleum Hub Project to transform petroleum downstream sector
2 hours -
Mohammed Kudus will come back from red card suspension stronger – Michail Antonio
3 hours -
AFCON 2025Q: Ghana’s chances of qualifying are ‘low to impossible’ – Angola coach
3 hours -
Sammi Awuku leads NPP youth to rally support in Odododiodio and Korle Klottey constituencies
3 hours -
AFCON 2025Q: Stars to fly with 22 players for Angola test, Ebenezer Annan to join in Luanda
3 hours -
Historic coronation of Torgbi Mileba III: A celebration of heritage with support from Vanuatu’s Trade Commissioner to Ghana
3 hours -
Bawah Fuseini aims to transform National Sports College into international standard facility
3 hours -
Members of 8th Parliament lack “mental capacity” – Kofi Koranteng
3 hours