The National Pensions Regulatory Authority (NPRA) has transferred a total of GHS 193,116,008.95 to Licensed Trustees administering mandatory 2nd Tier Occupational Pension Schemes.
The amount represents total funds transferred to Trustees in 2015.
The Authority commenced the transfers in November this year after applicants (Licensed Trustees) had successfully gone through validation of data and due diligence on compliance processes put in place by the Authority.
A statement issued by NPRA and copied to the Ghana News Agency in Accra, said so far, 12 Occupational Pension Schemes and 1,918 employers have benefited from the exercise.
These beneficiaries include Schemes and Employers in the private sector as well as other state organisations.
They include Enterprise Tier 2 Occupational Pension Scheme (for 779 Employers), Metropolitan Master Occupational Pension Scheme (for 369 Employers), Petra Advantage Pension Scheme (for 336 Employers), Cedar Pension Scheme (for 188 Employers), Pensions Alliance Trust Fund (for 128 Employers) and Secure Pensions Occupational Master Trust Scheme (112 Employers).
The rest include ECG Tier 2 Pension Scheme (for one Employer), GOIL Occupational Pension Scheme (for one Employer), SSNIT Second Tier Occupational Pension Scheme (for one Employer), Newmont Ghana Occupational Pension Scheme (for one Employer) Ecobank Ghana Limited Tier 2 Pension Fund (for one Employer) and GPHA Tier 2 Pension Scheme (for one Employer).
The statement said the Authority will resume the transfers after the Christmas and New Year break.
In the first half of 2016, the Authority will also commence transfers to schemes in the public sector on the payroll of Controller and Accountant General’s Department, once such schemes have been duly registered by the Authority.
Employers who have not registered their Mandatory 2nd Tier Occupational Schemes are advised to comply with the ongoing compulsory enrollment, embarked upon by the Authority, in collaboration with Licensed Corporate Trustees in order to qualify to receive the TPFA Funds.
Latest Stories
-
Democracy is going to reverse in West Africa if we don’t tackle economic hardships – Atuguba
36 mins -
Bawumia commissions 124 housing units for victims of Appiatse disaster
46 mins -
Stonebwoy’s The Livingstone Foundation surprises talented autistic boy with gifts
51 mins -
NPP should’ve referred Kingsley Nyarko’s bribery allegation to the police – Inusah Fuseini
60 mins -
Police pursue gunmen for killing 2 off-duty officers at Trasacco
2 hours -
Bayer Leverkusen beat Roma to win semifinal first leg
2 hours -
Aston Villa face tough task after 2-4 defeat to Olympiacos
2 hours -
NGO empowers women and girls with disabilities
2 hours -
Guinness World Records: Nigerian woman paints nails for three days
2 hours -
Season 2 of ‘I’m in Love with Boma Ye’ returns this May on Joy Prime
2 hours -
Akufo-Addo’s disrespect of chiefs won’t be tolerated – Haruna Iddrisu
2 hours -
Chalobah and Jackson score as Chelsea defeat Tottenham
2 hours -
NPP praises Police, EC for successful Ejisu by-election
2 hours -
2024 Ramadan Cup: Bawumia donates 20,000 to four teams as Ashaiman lifts trophy
2 hours -
PMI Ghana Chapter members tour Kasoa BSP Project
2 hours