• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, October 18, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Teacher Unions Threaten Government, Plans to Boycott Pension Scheme By March

M.Cby M.C
January 26, 2023
Reading Time: 3 mins read
M.Cby M.C
in Pension
0
Teacher Unions Threaten Government, Plans to Boycott Pension Scheme By March

A coalition of Pre-Tertiary Teacher Unions in Education have expressed their displeasure about the non-payment of their Occupational Pension Scheme by the government and regulated by the National Pensions Regulatory Authority (NPRA).

In a jointly issued statement, the teacher Unions indicated that it has been close to a year since any of their members received their payment. As such, the Union served notice to the government and the NPRA that they will boycott the pension scheme by March this year, 2023 if nothing is done about it.

“We, the Pre-Tertiary Unions in Education would like to bring to the attention of the public through the media, the unfortunate developments with regards to the non- payment of deductions by government to the Ghana Education Service Occupational Pension Scheme (GESOPS).

“The last payment from the Controller and Accountant General’s Department to our Pension Scheme was for the month of March 2022, which was paid in January 2023. This means we have nine (9) months outstanding.”

Pre-Tertiary Teacher Unions

The Pre-Tertiary Teacher Unions in Education, meanwhile, calculated the amount the government is owing them which sums up to millions of cedis.

RelatedPosts

Private Sector Pension Contributors Hit 1.06 Million, But Job Openings Take a 15.7% Dive

Pension Assets Skyrocket to GH₵51.96bn, Driving Market Dominance

SSNIT’s Asset Value Jumps 46% as Government Clears Debt and Investment Returns Soar

“Using the monthly contribution of the month of March 2022 as basis, we estimate that contributions in respect of members of the Scheme in arrears are in the region of Four Hundred and Thirty-Three Million, Three Hundred and Seventy-Nine Thousand, Eight Hundred and Nineteen Ghana Cedis, Ninety Pesewas (GH 433,379,819.90).”

Pre-Tertiary Teacher Unions

The Danger of the Situation

The union explained that the resultant danger of the situation is, the educational worker is being denied any investment value of his or her contribution.

“In light of the above, we the Unions in Pre-Tertiary Education, wish to state emphatically that if by the end of February 2023, all the arrears are not paid, we have no other option than as the first line of action, take the necessary steps to ensure that the Regulator’s, (National Pensions Regulatory Authority, NPRA) fees are not paid effective March 2023.”

Pre-Tertiary Teacher Unions

Meanwhile, the undersigned Union Secretaries are: Thomas T. Musah, General Secretary of Ghana National Association of Teachers (GNAT); Eric Agbe-Carbonu, President, National Association of Graduate Teachers (NAGRAT); Mark Dankyira Korankye, General Secretary of TEWU; and King King Ali Awudu, President of CCT-GH.

The Ghana Education Service Occupational Pension Scheme is a tier-2 pension scheme registered and regulated by the National Pensions Regulatory Authority under the National Pension Act, 2008 (Act 766) as amended.

ADVERTISEMENT

The scheme’s membership is drawn from employee unions under the Ghana Education Scheme including the Ghana National Association of Teachers (GNAT), National Association of Graduate Teachers (NAGRAT), Coalition of Concerned Teachers Ghana (CCTGH) and the Teachers and Educational Workers Union (TEWU).

The Scheme is managed by a Board of Trustees with representation from relevant institutions such as the Ministries of Education and Finance, the Attorney General’s Department and the various unions representing its 320,000 strong membership. Like all tier-2 pension schemes, members contribute 5 percent of the total social security of 18.5% which is deducted from their salaries monthly.

READ ALSO: Loathing The Use Of Coins Has Implications On The Bank’s Inflationary Objective – Governor, BoG

Tags: GNATNagratNPRAPensionPre-Tertiary Teacher UnionsTEWU
Please login to join discussion
Previous Post

Minority Reshuffle Borne Out Of Greed & Selfishness – Tamale North MP

Next Post

You Don’t Own NDC – Murtala Criticizes Fiifi Kwetey On Minority Shakeup

Subscription Form

Related Posts

Private Sector Pension Contributors Hit 1.06 Million, But Job Openings Take a 15.7% Dive
Pension

Private Sector Pension Contributors Hit 1.06 Million, But Job Openings Take a 15.7% Dive

October 7, 2025
Pension Assets Skyrocket to GH₵51.96bn, Driving Market Dominance
Pension

Pension Assets Skyrocket to GH₵51.96bn, Driving Market Dominance

August 15, 2025
Private Sector Pension Contributors Hit 1.06 Million, But Job Openings Take a 15.7% Dive
Pension

SSNIT’s Asset Value Jumps 46% as Government Clears Debt and Investment Returns Soar

August 12, 2025
NPRA Pushes for Bold SSNIT Reforms to Safeguard Pensions After GH¢61.7bn DDEP Blow
Pension

NPRA Pushes for Bold SSNIT Reforms to Safeguard Pensions After GH¢61.7bn DDEP Blow

July 29, 2025
Unlock Capital for SMEs Through Pensions, Private Sector Boss Tells Government
Pension

Unlock Capital for SMEs Through Pensions, Private Sector Boss Tells Government

July 11, 2025
Ato Forson Cautions SSNIT Board Against Political Asset Sales at Inauguration
Pension

Ato Forson Cautions SSNIT Board Against Political Asset Sales at Inauguration

June 3, 2025
Ghana and Nigeria Join Forces to Advance Energy Efficiency
Extractives/Energy

Ghana and Nigeria Join Forces to Advance Energy Efficiency

by Bless Banir YarayeOctober 18, 2025
Inflation Tamed, Reserves Rebuilt: Ghana’s Economic Revival Gains Global Recognition \a
Economy

Inflation Tamed, Reserves Rebuilt: Ghana’s Economic Revival Gains Global Recognition

by M.COctober 18, 2025
Osagyefo Mawuse Oliver Barker-Vormawor
General News

Barker-Vormawor Pushes for a Robust Framework to Recover Stolen Public Funds

by Evans Junior OwuOctober 18, 2025
Buaben Asamoa Declares United Party Plus Ready to Shock Establishment
General News

Buaben Asamoa Declares United Party Plus Ready to Shock Establishment

by Silas Kafui AssemOctober 18, 2025
United Party Different from Other Third Force Seekers – Solomon Owusu
General News

United Party Different from Other Third Force Seekers – Solomon Owusu

by Emmanuel Tibila BoasahOctober 18, 2025
Israel Commits Deadliest Breach Of Gaza Ceasefire
Asia

Israel Commits Deadliest Breach Of Gaza Ceasefire

by Comfort AmpomaaOctober 18, 2025
Ghana and Nigeria Join Forces to Advance Energy Efficiency
Inflation Tamed, Reserves Rebuilt: Ghana’s Economic Revival Gains Global Recognition \a
Osagyefo Mawuse Oliver Barker-Vormawor
Buaben Asamoa Declares United Party Plus Ready to Shock Establishment
United Party Different from Other Third Force Seekers – Solomon Owusu
Israel Commits Deadliest Breach Of Gaza Ceasefire

Recent News

Ghana and Nigeria Join Forces to Advance Energy Efficiency

Ghana and Nigeria Join Forces to Advance Energy Efficiency

October 18, 2025
Inflation Tamed, Reserves Rebuilt: Ghana’s Economic Revival Gains Global Recognition \a

Inflation Tamed, Reserves Rebuilt: Ghana’s Economic Revival Gains Global Recognition

October 18, 2025
Osagyefo Mawuse Oliver Barker-Vormawor

Barker-Vormawor Pushes for a Robust Framework to Recover Stolen Public Funds

October 18, 2025
Buaben Asamoa Declares United Party Plus Ready to Shock Establishment

Buaben Asamoa Declares United Party Plus Ready to Shock Establishment

October 18, 2025
United Party Different from Other Third Force Seekers – Solomon Owusu

United Party Different from Other Third Force Seekers – Solomon Owusu

October 18, 2025
Israel Commits Deadliest Breach Of Gaza Ceasefire

Israel Commits Deadliest Breach Of Gaza Ceasefire

October 18, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address