CLOGSAG threatens industrial action ;if gov’t go ahead to use the pension funds.

The civil and local government staff association has called on government to immediately suspend all its flagship programmes without delay to save funds for the debt exchange programme.

At a news conference in Accra executive secretary of CLOGSAG Isaac Bampoe Addo said, government has no power under the pensions act 766 to touch pension funds.

Meanwhile CLOGSAG has served notice industrial disharmony of government should go ahead to use the pension funds.

The Coalition of Public Sector Workers has asked the government not to include the tier 2 pension contributions of workers, which are in government securities, in a debt restructuring programme.

The IMF has made debt restructuring a major precondition to reach any deal with the government.

“Considering the assurance given by the NPRA on the issue, it is still regrettable that the government could initiate such a policy without consulting the forum whose members are majority in the public sector workers.

The group further stated that by law, tier 2 pension contributions of workers cannot be touched under such an arrangement.

By Enock Baffoe/uniquenewsgh.com