The National Council of the Ghana National Association of Teachers, GNAT has given approval for an increase in the monthly basic contribution of members to the Teachers Fund. The new minimum contribution will commence in the month of March, 2015.
The Fund set up in May 1998, serves as a retirement supplement scheme for registered members of GNAT. Over the years, the Fund has grown both in numbers and in value.
The Teachers Fund is the second largest pension scheme in Ghana with over One hundred and Seventy Thousand contributors. Currently, the Fund is valued at over three hundred million Cedis with an average Return on Investment of 80%.