To have a good picture of the administration of the plan and statements about their contributions, employees have been urged to find their tier two corporate trustees.
The National Pensions Regulatory Authority's (NPRA's) Chief Executive Officer, Mr. Hayford Attah Krufi, offered the advise at a breakfast meeting on the topic of "Making Pensions Accessible to All" in Sunyani, which was arranged by the Authority's Sunyani Zonal Office.
The Authority's goal of educating stakeholders on the Three-Tier Pension System was part of the purpose of the meeting.
Managers of human resources, unionists, trustees of pension plans, employees from the unorganised sector, and members of the media were among the about 70 attendees.
The Social Security and National Insurance Trust (SSNIT) manages tier one contributions, according to Mr. Krufi, but since tier two contributions are managed by private sector providers with about 30 corporate trustees, most employees are unaware of the trustees in charge of managing their contributions.
In order to be able to channel their concerns via the proper channels for redress, he said, "it is necessary for workers to realise that it is not only the contribution but also understanding who the supplier is and collecting statements.
The assets under pension management were around GhC5.5 billion when the new dispensation began in 2010, according to Mr. Krufi, who added that within 12 years the amount had increased to GhC40 billion. This indicates that the pension business is expanding quickly, he said.
He thanked the employees for their efforts and asked them not to undervalue how much their contributions had contributed to the nation's progress.
He said that after the Second World War, pension bonds were utilised by European nations to put their economies back on track. He claimed that today, as the nation faced economic difficulties, worker contributions might assist the expansion and stability of the economy.