National Lottery Authority Welfare Association (NLAWA) has partnered state housing, Ecobank Ghana and Met Insurance to collaborate on the pension scheme to provide houses to their staff as part of their initiative to solve the housing deficit among employees.
The Welfare Association on18th November, 2021 launched the pension scheme dubbed “The Role Of Welfare, Redefining Staff Benefits And Financial Support”.
Speaking to the Chairman of the Committee, Mr. Anthony Oti-Twumasi stated that the “NLAWA is looking at helping our workers in the home ownership journey in future. This laudable initiative will allow our workers to move from being a tenant to a homeowner after retirement and we believe everybody will come on board to make the Welfare association a success .”
“ The benefit of being a member is not only for Pension but also seek to support our members by granting them benefits including donations during outdooring, marriage ceremonies, funerals, hire purchase and soft loan .”
He added; “ NLAWA aims at ensuring employees have one independent channel to address their concerns, create welfare schemes for members benefits, and also to seek Economic and Social Wellbeing of our members .”
Mr. Anthony Oti-Twumasi urged all NLA workers to take advantage of the opportunities with the welfare schemes.
“ State Housing, Met Insurance and the bank are helping our employees to own their own homes as Government workers .”
Mr. Oti-Twumasi further stated that “ owning a completed house or build/complete house is not easy as it comes with many challenges but through this initiative, many can change their status from being tenants to become homeowners in the future ,”
In an interview with the Country Head of Metropolitan Insurance (Met), Mr. Bernard Tawiah, “ Act 766 in the National Pension Act has a provision to help workers to redraw their accrued benefits under their Tier Two contribution and used it as collateral for land or a house, so that before the worker leaves office or go on retirement he or she has already finished building. This is a huge opportunity for every NLA worker to own their house through the Pension Scheme by NLAWA. It’s a bold step and wishes all Ghanaian workers to emulate ”.
A representative from the State Housing Company, in his remarks, also revealed the State Housing has reduced prices of their houses to enable Ghanaians afford decent homes.
He urged the NLAWA members to utilize the advantage given them to own affordable […]