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This dissertation is about the CAP 30 Pension Scheme in Ghana. The objective is to discuss the main problems and attempt to identify some of its weaknesses and to make suggestions to overcome these weaknesses.
14 wrz 2017 · The key public sector pension schemes then were Pensions Ordinance 42 of 1950, also known as CAP 30, Ghana Universities Staff Superannuation Scheme (GUSSS), The Social Security and National ...
This dissertation is about the CAP 30 Pension Scheme in Ghana. The objective is to discuss the main problems and attempt to identify some of its weaknesses and to make suggestions to overcome these weaknesses.
Formal pension systems are an important means of reducing poverty among the aged. In recent years, however, pension reform has become a pressing matter, as demographic aging, poor administration, early retirement, and unaffordable benefits have strained pension balances and overall public finances.
Yankah (2008) argues that CAP 30 was established to provide pension for pensionable officers in the civil service and members of the Armed Forces in the British West African colonies. CAP 30 provides old age benefits, disability benefits and dependent lump sum.
Later, the colonial government enacted a National Pension Scheme known as “CAP 30” coined from Chapter 30 of the Pension Ordinance of 1946. The scheme was to replace and merge the existing pensions into a single unified scheme that provided equal benefits to expatriates and local employees (Government of Ghana, 2006).
The Certificate in Pensions Administration Course is designed to equip participants with knowledge, understanding, skills, and attitudes that will enable them to manage pension funds effectively. The syllabus and content of the program are designed to make participants acquire a wide range of skills in pensions practice.
