TUC proposes universal pension scheme

The Trades Union Congress (TUC) has proposed to government to develop a roadmap towards a universal pension scheme in government’s 2020 budget.

In the view of the TUC, the number of contributors and persons covered by Social Security and National Insurance Trust (SSNIT) out of a workforce of 13 million was acceptable

In view if this, the TUC wants the president to provide the necessary support to the lack of access to pension.

Speaking in the theme “Sustainable pension for all,” for this year’s May Day celebration, Dr Anthony Yaw Baah, the Secretary-General of the TUC said over 11 million people do not have access to social security.

“This is not acceptable for a rich, proud, middle income country like Ghana. Something has definitely gone wrong in our economic and social policy,” he added.

He said “Mr President, we will like to appeal to you to correct this flaw in our social policy. We are expecting concrete plans and a roadmap for a universal pension coverage in the 2020 budget.”

According to him, about a quarter of the 200,000 people who are on the SSNIT pension scheme receive about GH¢300 a month, which he described as woefully inadequate.

He further indicated that the pittance pensioners received monthly has sent many of them to their early graves due to their inability to pay for their utilities and hospital bills.

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