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Teachers to send Ghana Education Service Occupational Pension Scheme GESOPS to Court

Over Pension Funds Management

Some Group of Teachers have given the Ghana Education Service Occupational Pension Scheme 30 days to Provide them with information regarding the management of their Pension Funds.

Seekersnewsgh Speaking with one of the Teachers indicated that, there is no transparency in the Management of the Ghana Education Service Occupational Pension Scheme hence their move.

There are so many things said by the Board of trustees which were not backed by evidence and  as contributors of the Fund, they deserve to know.

They have made about 24 Request which the GESOPS have 30 days to provide answers to.

Some of these have to Do with the Sponsoring of the Ghana Teacher Prize 2022 Ghana Teacher Prize Award

The use of some of the Money to Pre-finance the manufacturing of Laptops for Teachers which some have still not gotten.  Teachers demand promised laptops after deductions; give gov’t two weeks ultimatum

The Amount Paid to the Board of Trustees .

Amount government failed to pay from the temporal Pension Fund Account and which government converted into bonds.  etc

The Letter was received by GESOPS and  is yet to comply

Read Also 37 years of Teaching at AD II, teacher had 10, 000  ,  Officials get Ghc 402 976 for just 4yrs

Here is the Full document

Right to information request

We write as solicitors for and on behalf of the under listed professional teachers who are contributors to the Ghana Education Service Occupational Pension Scheme (GESOPS).

We write this letter pursuant to our client’s fundamental human right to information as enshrined in article 21(f) of the constitution of Ghana and section 18 of the right to information Act, 2019 Act.

Furthermore, sections 98 and 99 of Act 766 ( pension law ) provide that the investments of second tier pension funds are vested in the members and therefore, our client’s have instructed us to request for the following.

Request

1. A copy or copies of relevant document(s) from the temporal Pension Fund Account covering the amount released by National Pensions regulatory Authority or Ministry of Finance into the GESOPS account.

2. A copy of the consent judgement obtained by GESOPS as a plaintiff in a suit against the Government of Ghana in 2013.

3. A copy of the document regarding the amount government failed to pay from the temporal Pension Fund Account and which government converted into bonds.

4. The copy of the bank statement from the account that receives contributions every month from employees of Ghana Education Service from 2016 to 31st December, 2023.

5. Copy or copies of bank statement(s) of account that exist in the name of Ghana Education Service Occupational Pension Scheme.

6. With reference to the letter dated 26th October,2021 the Director General of Ghana Education Service indicated that the management of Ghana Education Service instructed the controller and Accountant General to deposit a portion of the professional Development allowance which was deducted from more than 280,000 teachers into account below

Name of account GESOPS- Board of Trustees

Name of Bank : Cal Bank Limited
Bank Branch: Head Office.
Account number. 140000556269

Kindly provide a copy of the bank statement of the bank account above from the date the account was opened to 31st December, 2022.

7. In the same letter dated 26th October, 2021 the director General of GES called for the opening of an Escrow Account that will yield interest. Kindly provide the bank statement of the Escrow Account and documents that show the performance of the Escrow Account since it was opened.

8. Copies of document documents covering fees or allowance (every month or year ) paid to each member of the Board of Trustees of Ghana Education Service Occupational Pension Scheme since 2016 to 31st December, 2022

9. A copy of the agreement of management fees or charges between GESOPS Board of Trustees and Pension alliance Trust Company limited.

10. Copies of all documents in relation to payment made to pension alliance Trust Company Limited as management Fees for the period the Ghana Education Service Occupational Pension Scheme was in it’s management.

11. Which aspect of the pension Act was violated by Pension alliance Trust that resulted in the Change of fund management from pension alliance Trust to GLICO?

12. A copy of the agreement of fees between Ghana Education Service Occupational Pension Scheme and GLICO Company limited.

13. Copies of documents regarding payments made to GLICO as management fee since 2017 to 31st December, 2022 from the GESOPS account.

14. What is the formula Ghana Education Service Occupational Pension Scheme Board of Trustees uses to calculate the total Fund value of contributors as seen by Teachers when they use the USSD Code *365*65# to check their Ghana Education Service Occupational Pension Scheme contributions?

15. A copy or copies of document(s) regarding how much was used to sponsor the Ghana Teacher Price, 2022 from GESOPS funds as it was advertised on Joy 99.7 FM and on the occasion of the Ceremony Dr. Christian Addai Opoku , the registrar of National Teaching Council said the GESOPS sponsored the Ghana Teachers Prize as a headline sponsor.

16. A copy of the letter from Ghana Education Service or the Ministry of Finance requesting for sponsorship from Ghana Education Service Occupational Pension Scheme to finance the 2022 Ghana Teachers Prize.

17. Copies of all the bond agreement between Ghana Education Service Occupational Pension Scheme Board of Trustees and the Government of Ghana.

18. Copies of document in relation to payment of interests paid by government of Ghana on the bonds invested from 2016 to 31st December 2022.

19. Copies of all documents in relation to the agreement between GESOPS Board of Trustees and all companies that have received funds from GESOPS investments.

20. Copies of all documents in relation to payment of the principal amount and the interests agreed between GESOPS Board of Trustees and the Companies into the GESOPS account.

21. A copy or copies of document(s) covering the payment of from GESOPS account to K.A Technologies ( as pre-finance for the manufacturing of 280,000 laptops ) as it was agreed between Ghana Education Service and GESOPS Board of Trustees.

22. A copy of the agreement between Ghana Education Service ( presumption acting on behalf of the Ministry of Education according to the press conference held by GNAT, NAGRAT and CCT in December 2021 ) and Ghana Education Service Occupational Pension Scheme GESOPS.

23. A copy of document that shows that the government of Ghana has paid the seventy percent ( 70%) of the amount GESOPS used to pre-finance the manufacturing of 280,000 laptops and eighteen percent 18% interest in that amount.

24. A list of the past members of Ghana Education Service Occupational Pension Scheme Board of Trustees and the present list.

Kindly note that we have firm instructions from our client’s to proceed to court if this right to information request is not granted within 30 working days.

Signed by
Kwaku O. Anim Addo ESQ 0244476274

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Teachers demand promised laptops after deductions; give gov’t two weeks ultimatum

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