GNAT Warns Government: Settle Our GH¢1.7bn Pension Arrears to Avoid Consequences

The Ghana National Association of Teachers (GNAT) has renewed its demand for the government to release the outstanding payments owed to the Ghana Education Service Occupational Pension Scheme (Tier 2) for the past year. GNAT has accused the government of defaulting on these payments, which are essential for securing the pensions of teachers across the country.

The association has also warned that it may take decisive action if the contributions are not credited to their pension scheme managers soon.

In an interview with the media, GNAT’s General Secretary, Thomas Musah, stressed the urgency of the matter, calling on the government to address the issue without further delay.

According to Musah, the government owes approximately GH¢770 million in unpaid contributions. When factoring in an additional 3% owed, the total amount is expected to rise to nearly GH¢1 billion.

“The government’s failure to make these payments is creating serious concerns for our members, whose future financial security depends on these pension contributions,” Musah said.

He further explained that the delay in releasing funds is undermining the trust teachers have in the system, as these contributions are vital for their retirement benefits.

GNAT’s leadership has been consistent in its calls for the government to fulfill its obligations to the pension scheme.

Musah made it clear that if the situation is not resolved swiftly, the association may be forced to take industrial action or pursue other measures to ensure that teachers’ pension rights are protected.

He concluded by urging the government to prioritize the welfare of teachers, pointing out that failure to make timely payments could have long-term repercussions for the entire education sector.

“The government must recognize the importance of these contributions and the impact their non-payment has on teachers. We hope for a swift resolution to avoid further escalation,” Musah warned.

GNAT’s renewed call highlights the growing tension between the association and the government over the management of pension funds, with the teachers’ union determined to see its members’ hard-earned contributions secured.

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Story by: Osei Akoto (Teacher Kojo) #Ahotoronline.com