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25.10.2008 Social News

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The Pension Reform Implementation Committee (PRIC) and the Pension Section of the Controller and Accountant General's Department (CAGD) have agreed on specific measures to ensure implementation of the remaining approved recommendations regarding CAP30 Pension Scheme.


A statement signed by Mr Thomas A. Bediako, Chairman of PRIC, said the three-day joint workshop held at Sogakope last week-end discussed extensively the Government's White paper on the final report of the Presidential Commission on Pensions.


The statement said some of the topics discussed at the meeting included accurate and reliable data on both active and retired public sector employees who were CAP30 pension beneficiaries, the compilation of Amendments, Judicial Rulings and Administrative instructions on CAP30 Pension Scheme.


The participants discussed Pension Increase Policy (PIP) which will protect the real incomes of pensioners, preserve equity and sustainability as well as the review of the administrative instructions on PIP.


They also examined the decentralisation of the pension management systems and a restructured administrative system of CAP30 Pension Scheme whiles it lasts.


This would ensure that the appropriate professional management capacity is built in the regional and district capitals and within Ministries, Departments and Agencies to facilitate pension management and administrative.


The statement said the Joint Committee further discussed the transitional provisions on CAP30 in the Pension Bill before Parliament and agreed that the PRIC should organise special workshops for the staff of CAGD to intensity its public education and information programmes.