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May Day: We need universal pension scheme – TUC to Gov’t

The Trades Union Congress (TUC) wants government to work towards improving the Pension Scheme calling on government to include the universal pension coverage in the  2020 budget.

Addressing this year’s national May Day parade in Accra Wednesday morning, Dr Anthony Yaw Baah, the Secretary-General of the TUC said over 11 million workers risked  being poor after retirement as they do not have access to social security.

He said it’s inappropriate that out of a workforce of about 13 million Ghanaians, only about 1.5 million are currently covered under the SSNIT [Social Security and National Insurance Trust] pension scheme.

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

“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, Dr Baah said.”

This year’s May Day was on the theme, “Sustainable pension for all:The Role of Social Partners” carefully chosen to draw particular  attention to the lack of pension.

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