NPRA Urges Informal Sector Workers To Enroll On Pension Scheme

The National Pensions Regulatory Authority(NPRA) has urged persons working in the informal sector to take advantage of changes in the Pensions Act by joining a pension scheme.

According to the NPRA, workers in the informal sector such as farmers, traders, artisans and drivers can now plan for their retirement by voluntarily enrolling on a scheme.

The move by the National Pensions Regulatory Authority (NPRA) is to achieve at least 80 percent subscription by informal sector workers in order to promote financial inclusion and increase insurance penetration.

Speaking to over one thousand youth of the Roman Catholic Church at the Annual Youth Prayer Rally At Amanfoso near Nsuatre in the Bono Region, the Zonal Manager for the National Pensions Regulatory Authority(NPRA), Mr Ohene-Adjei William revealed that the authority has introduced the Tier 3 Savings to serve such a purspose.

He charged the participants to take advantage of the new system since it is in their own interest.

The National Pensions Regulatory Authority(NPRA) is responsible for ensuring compliance with the National Pension Act, approve, regulate and monitor trustees and service providers and also to sensitise the public on matters relating to the various pension schemes in the country.

Credit: Nana Asempa Asa(Space FM Sunyani)

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