What is TIER 3?

Pension Tier 3 refers to a type of pension plan or retirement savings arrangement. Here’s a general overview: What is Tier 3 Pension? Tier 3 pension plans are voluntary, individually managed retirement savings arrangements. They are designed to provide an additional source of income in retirement, beyond what is provided by Tier 1 (state pension)Continue reading “What is TIER 3?”

Tier 3 will help secure our future?

A provisions store owner in Katamanso, Santeo, said she had no knowledge about the tier 3 pension scheme but after being educated about it and getting to know the benefits that come with subscribing to the scheme, she’d definitely start contributing towards her old age. She said, she believes one day, she wouldn’t be ableContinue reading “Tier 3 will help secure our future?”

A SAFETY NET FOR THE FUTURE: THE. IMPORTANCE AND BENEFITS OF TIER 3 PENSION SCHEME

As an individual, it is very easy to brush off the thoughts of retirement when one is young and energetic. But then the earlier you start saving, the better it is to secure your financial future and this where the the tier 3 pension scheme comes to play. By contributing to tier 3 pension scheme,Continue reading “A SAFETY NET FOR THE FUTURE: THE. IMPORTANCE AND BENEFITS OF TIER 3 PENSION SCHEME”

When Retirement Becomes a Struggle!

In the heart of Accra, Samuel Boateng closed his small printing shop earlier than usual. At 62, his eyesight was failing, and business had slowed. For over 30 years, he had worked tirelessly, printing flyers, posters, and documents for customers. But now, as retirement loomed, one harsh reality stared him in the face—he had noContinue reading “When Retirement Becomes a Struggle!”

Beyond Hard Work: Why Many Rural Workers Retire into Poverty

Beyond Hard Work: Why Many Rural Workers Retire into Poverty Sixty-five-year-old Kofi Mensah sat outside his small mud house in Domeabra, a Tier 3 community in Ghana. He had spent 40 years as a cocoa farmer, yet now, in retirement, he had nothing to show for it. Unlike government workers in the cities who receivedContinue reading “Beyond Hard Work: Why Many Rural Workers Retire into Poverty”

“Beyond Today: Kwesi’s Journey with Ghana’s Tier 3 Pension Scheme” The Wake-Up Call:

Kwesi wiped sweat from his forehead as he closed his small electronics shop in Accra. Business was good, but each month felt like a cycle—earn, spend, repeat. One evening, while visiting his mother, he saw her struggling to stretch her small pension. She had worked hard for decades but was now dependent on her childrenContinue reading ““Beyond Today: Kwesi’s Journey with Ghana’s Tier 3 Pension Scheme” The Wake-Up Call:”

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