GNAT Deducts 2% from Basic Salary of Non-Contributors for Tier 3 Provident Fund Scheme

Ferdinand | EducationGhana | November 30 | GNAT Deducts 2% from Basic Salary of Non-Contributors for Tier 3 Provident Fund Scheme

Discover the latest development as the Ghana National Association of Teachers (GNAT) initiates a 2% basic salary deduction for non-contributor members towards the GNAT Provident Fund Scheme. The decision, made following the National Council Meeting, aims to address member requests and increase fund participation. Learn more about the implementation and the option for members to raise their contribution to the 16.5% threshold. Stay informed with our detailed report.

Important Notice on SSNIT Tier 1, Tier 2 and Tier 3 Pension Schemes for 2023

Important Notice on SSNIT Tier 1, Tier 2 and Tier 3 Pension Schemes for 2023

How managers of the Second Tier Pension Scheme of GES Staff destroyed the Funds in the dark

Accra, Ghana– The Ghana National Association of Teachers (GNAT) has announced a significant development affecting non-contributor members.

In a notice dated November 14, 2023, signed by Isaac Baah, Head of Compensation and Benefits, on behalf of the General Secretary, GNAT has implemented a 2% deduction from the basic salary of all non-contributor members.

The notice, addressed to key entities including National Officers, National Executives, the National Council, the Head of Payroll at GES Headquarters in Accra, and the Controller & Accountant-General’s Department in Accra, outlines the decision to deduct Two Percent (2%) from the basic salary for the GNAT Provident Fund Scheme (Tier 3).

This decision was reached following the National Council Meeting held at the GNAT Village, Abankro, from September 25th to 30th, 2023.

The National Council, in addition to other matters, tasked GNAT’s leadership with the responsibility of registering all members onto the GNAT Provident Fund Scheme.

This decision was prompted by pleas and popular requests from GNAT members nationwide through various membership engagement programs.

To facilitate the deduction for non-contributor members, GNAT has requested the Controller and Accountant-General’s Department to effect a Two Percent (2%) Basic Salary deduction for each non-contributor GNAT member into the GNAT Provident Fund Scheme, effective November 2023. It is noted that this deduction will attract the existing tax exemption applied to members already contributing to the Scheme.

Subsequently, members who wish to increase their contribution from 2% to the permissible 16.5% threshold, as permitted by law, may do so by using the shortcode 78933#.

This move by GNAT reflects a commitment to enhancing financial planning and participation in the GNAT Provident Fund Scheme, providing members with the flexibility to adjust their contributions in accordance with legal provisions. Stay tuned for further updates on this significant development.

Join Our channel on WhatsApp for daily updates HERE

GET THE LATEST UPDATES IN EDUCATION IN GHANA

1. Important Features of Bank Notes Used in Ghana from 1958 to 1969

2. How to effectively teach numeracy in lower-grade classes

3. Important Notice on SSNIT Tier 1, Tier 2 and Tier 3 Pension Schemes for 2023

4. Top 6 Challenges Facing Education in Africa and Suggestive Solutions in 2023

5. Top-rated jobs and important benefits to derive from obtaining a Degree in Education

   ---

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

Check This Out: Top 10 Steps to Register and write Exams in KATon Computing Training Workshop

Check the SHS Grading System HERE

 

Download the 2022 basic and shs Academic Calendar HERE

Check This Out: JUST IN: Coalition of Concerned Teachers sacks acting President King Ali Awudu

Prospective students can also check out the Admission Deadlines for Tertiary Institutions in Ghana as well as their Entry Requirements before Applying.

They can also check the institutions’ cut off pointsandHow to Applyto the various Tertiary Institutions in Ghana as well as the institutions’ Fees Schedulesfor any particular Semester or Year.

---

SEND US YOUR STORIES FOR PUBLICATION VIA WHATSAPP NUMBER0506440219

Get the  WAEC Marking Schemes HERE

Get theNaCCA/GES Standard-Based Lesson Plans HERE

Get the Ghana Education ServiceNew Standard–Based Scheme of Learning (SOL)HERE

Get the Ghana Education Service New Standard–Based Curriculum HERE

Get the WAECBECE, WASSCE, NTC Licensure Exam, and Teachers’ Promotion Exam Past Questions HERE

Download Teachers Guide on SBCand CCP Curriculums HERE

---

♥Copyright Notice: Content on This Website is Copyright Protected. No Part of this Content should be Reproduced without the Consent of the Author(s) or Recognition of the source of the Content.© 2020 Ellis Multimedia: EducationGhana.org: All Rights Reserved