Not one pesewa of pension funds will be lost to Debt Restructuring Programme - TUC

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The Trades Union Congress (TUC) has expressed concern about government’s Domestic Debt Exchange programme.

According to the Congress’ Secretary-General, the programme could have a negative impact on its workers’ pension.

In a statement issued by the TUC, Dr Yaw Baah also highlighted the lack of prior engagement with Labour on the part of government in implementing the programme.

“We have taken a special note of the statement by the Minister for Finance that the Debt Exchange Programme is voluntary. The TUC will scrupulously analyse the propriety or otherwise of the participation of pension funds of its members in the programme,” parts of the statement noted.

He further assured workers that the TUC will ensure that members are protected and “not even a pesewa of pension funds is lost in the Debt Restructuring Programme.”

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debt restructuring

Pension