The 12 labour unions fighting government over the second-tier pensions have suspended their intentions to embark on an indefinite strike on Friday.
Under the umbrella body Forum for Public Sector Registered Pension Schemes, the 12 labour unions called on their members to remain calm over the latest decision.
“The Forum has resolved to suspend temporarily the intended 29 September 2017 indefinite nationwide strike action communicated earlier through our press release dated 14 September 2017 whilst the joint technical committee completes its work,” spokesperson Isaac Bampoe-Addo said at a press briefing on Thursday.
The decision to suspend prosecution of the threat was due to government’s commitment to meeting their demands.
The labour unions demanded a transfer of their accumulated funds of over 80 months from the Central Bank to a custodian bank of their choice. Government had mooted the idea that bonds will be floated to defray interests on the arrears.
The Forum appears to have finally agreed to the joint technical committee proposed by government to – within three weeks – audit the funds before the bonds are floated.
The nine-member committee comprises five members from government and four from the Forum. “We take this opportunity to salute the courage and resolve of our members in this daring period.”