Business News of Tuesday, 1 December 2009

Source: GNA

National Pensioners Association demands representation on Board

Accra, Dec. 1, GNA - The National Pensioners Association (NPA) has called on government to get the Association represented on the National Pensions Regulatory Authority as the law requires.

Speaking to the media in Accra on Tuesday, Mr Solomon Tawiah-Yemoson, President of the Association said the National Pensions Act 66 provides for representation of the Association on the Pensions Regulatory Authority. Surprisingly, he said, the Authority had been established, inaugurated and working without a representation from the Association.

He said the Association had written letters to the Ministry of Employment and Social Welfare concerning the matter and had received assurance from the Minister to correct the anomaly but nothing so far has been done. "We have now decided to bring the matter to the public domain because how could an Authority that will deliberate on issues affecting pensioners do so effectively without a representation from the people they claim to be representing their interest," he said.

Mr Tawiah-Yemoson said information reaching indicated that the NPA position had been given to the Ghana Government Pensioners Association (GGPA) contrary to what is in the Act.

"The drafters of the law were aware of the NPA and the Ghana Government Association (GGPA) and opted for the NPA," he said. Mr Tawiah-Yemoson said the NPA, prior to the establishment of the Authority, served on the Pensions Implementation Committee leading to the inauguration of the New Pension Law, after the Badiako Committee had presented its report on Pensions. 1 Dec. 09