Audio By Carbonatix
The National Pensions Regulatory Authority, NPRA is re-assuring the much-awaited full-implementation of the new pensions scheme would happen by the end of October, 2012.
This would kick start with the registration of the schemes developed under the pensions reforms by the Trustees.
The timeline for this has been extended a number of times – triggering grave concerns and anxiety among stakeholders.
But the Chief Executive of the NPRA, Sam Pee-Yarley tells Joy-Business; all is now set for a smooth take-off by the end of the month.
“We have registered the Trustees and evaluated the scheme applications. What are therefore going to issue statement of accounts to every worker on whose behalf the 5 percent has been paid. Graphic Corporation is printing them and as they would be issued out as soon as this is completed. The major next line of action immediately after is this would be auditing of the Temporary Fund Account. The monies lodged the Bank of Ghana would then be transferred as and when a scheme is certified” he noted.
He adds that it behoves the Trustees to do due diligence on the schemes they are developing to ensure a successful implementation.
“Some trustees have registered organizations that have never contributed to social security scheme and expect that we give them money. We are going to verify the names of the persons that we you have put as your members and on their behalf contributions have been made. So its not merely registering the scheme and putting on names and social security numbers” he explained.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Teacher unions reject government plea, vow to stay home until salaries reflect on payslips
7 minutes -
Passengers decry non-uniform charges after 8% transport fare increase
13 minutes -
IDP Foundation partners with Opportunity International to expand the Rising Schools Program to Northern Ghana
14 minutes -
We Should Say No to Floating Nuclear Reactors, and Yes to Patience
22 minutes -
33-year-old phone dealer murder investigation reveals fight, burnt body and sale of iPhone 12
22 minutes -
You can’t build a winning team if you change every call-up – Carlos Quieroz
27 minutes -
Teachers’ strike: All outstanding issues to be addressed at meeting – Education Ministry assures
29 minutes -
AFCON 2027Q: ‘I was not happy that Ghana lost to Côte d’Ivoire’ – Carlos Queiroz
36 minutes -
GPL Matchweek: Aduana’s Osei Kufuor, 8 others win TV sets as NASCO Men of the Match
37 minutes -
Ghana urged to harness AI to transform tourism
40 minutes -
Four killed in Accra-Kumasi Highway crash at Anyinasin Junction
41 minutes -
Jetour set for wider presence in Ghana as Swiss Group plans more showrooms and workshops
42 minutes -
Tinting front windscreens is illegal – ACP Alexander warns motorists
48 minutes -
Your HR Department already has the answer. The problem is finding it
49 minutes -
AFCON 2027Q:‘Qualifying for one or two tournaments is not a sign of success’ – Carlos Queiroz
52 minutes