Employers shrug off Tier-2 pension for millions of workers
Most private sector employers are yet to comply with provisions of the Tier-2 pension scheme, which mandates companies to contribute 5 percent into a privately managed pension scheme.
Out of 51,466 private establishments/companies active under the Social Security and National Insurance Trust (SSNIT), only 20,876 (40.5 percent) are enrolled under the mandatory Second Tier Occupational Scheme.
The Tier-2 scheme is privately managed by trustees approved and licensed by the National Pensions Regulatory Authority (NPRA).
Read More: Ghana Web
