Mr Samuel Baffour-Awuah, an Assistant Manager, Compliance at the Bono Regional Office of the National Pensions Regulatory Authority has advised informal sector workers to embrace and leverage on the Tier

Three Pension scheme for their future benefit.

He said the tier three scheme flexible and purposely designed to bring pensions to the door-steps of all class of people, targeting petty traders, market women, truck pushers, hawkers, hairdressers and dressmakers, carpenters, mechanics, wielders, and all class of people engaged in menial jobs.

In an interview with Sompa FM in Sunyani, Mr Baffour-Awuah said under the tier three scheme, beneficiaries could pay as low as GHC2

every month, however added that the quantum of the amount contributed determined future benefits.

Mr Enoch Okomfo Okonah, also an Assistant Manager, Compliance, at the Bono Regional Office of the NPRA advised informal sector employers to pay the monthly pension contributions of their employees' or be prosecuted.

He said defaulters could be liable to 2000 penalty units, pay the defaults, or spend two years in jail, or both. NPRA urges petty businesses embrace Tier Three pensions

Mr Samuel Baffour-Awuah, an Assistant Manager, Compliance at the Bono Regional Office of the National Pensions Regulatory Authority has advised informal sector workers to embrace and leverage on the Tier

Three Pension scheme for their future benefit.

He said the tier three scheme flexible and purposely designed to bring pensions to the door-steps of all class of people, targeting petty traders, market women, truck pushers, hawkers, hairdressers and dressmakers, carpenters, mechanics, wielders, and all class of people engaged in menial jobs.

In an interview with Sompa FM in Sunyani, Mr Baffour-Awuah said under the tier three scheme, beneficiaries could pay as low as GHC2

every month, however added that the quantum of the amount contributed determined future benefits.

Mr Enoch Okomfo Okonah, also an Assistant Manager, Compliance, at the Bono Regional Office of the NPRA advised informal sector employers to pay the monthly pension contributions of their employees' or be prosecuted.

He said defaulters could be liable to 2000 penalty units, pay the defaults, or spend two years in jail, or both.

Sompaonline.com/K.Peprah