We’ll expand coverage, sustain pension scheme …President to TUC
Published:
3 months ago
Source:
Ghanaian Times
President Nana Addo Dankwa Akufo-Addo says the recent surplus of GH¢230 million posted by the Social Security and National Insurance Trust (SSNIT) should serve as assurance to labour that government will not do anything to jeopardise their future. He said his government was committed to expanding pension coverage and sustaining the pension scheme regime in addition to enhancing the adequacy of pension pay-outs and nothing would be done to destroy it.
"The government remains committed to expanding pension coverage, sustaining the pension's regime, and enhancing the adequacy of pension payouts. I would like to extend special gratitude to the Sector Minister for Pensions, the Honourable Ignatius Baffour Awuah, and Member of Parliament for Sunyani West, for his hard work, diligence, and exemplary leadership in transforming the sector. I take note in particular of the improved performance of SSNIT which recently announced a surplus of GH¢230 million in its operations. This should be reassuring to organised labour, and perhaps bring into sharper relief the unnecessary controversy that was recently generated by SSNIT's efforts to offload non-performing assets in its hotel portfolio," he emphasised.