2022: What is the GES Occupational Pension Scheme

    GES pension

    EducationGhana| September 4| 2022: What is the GES Occupational Pension Scheme

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

    The Scheme’s membership is drawn from employees of the Ghana Education Service, with members belonging to one of the Unions in the educational sector.

    GESOPS is managed by a Board of Trustees with representation from relevant institutions such as the Ministries of Education, Finance, the Attorney General’s Department, the various Unions and an Independent Trustee. Like all Tier-2 Pension Schemes, GESOPS receives five (5) out of the 18.5% monthly social security contributions made on workers’ behalf.

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    Mission Of he GES Occupational Pension Scheme

    To pay benefits to members and their beneficiaries through prudent investment policies, stakeholder involvement and member satisfaction.

    Vision of the GES Occupational Pension Scheme

    To be the benchmark scheme for the payment of enhanced lump sum benefits.

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    Objectives of the GES Occupational Pension Scheme

    • To take effective custody of member contributions
    • To prudently invest scheme funds
    • To provide relevant information on member contributions
    • To promptly pay benefits to members
    • To leverage technology to provide enhanced services to members

    Check Also:

    How to write and Address a Letter of Sponsorship as a School in the GES HERE

    How to write and address any form of Letter to the Ghana Education Service HERE

    How to write and Address an Application for Car Maintenance Allowance as a Teacher HERE

    How to write and Address an Application for Responsibility Allowance as a Teacher HERE

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