The Majority Leader, Osei Kyei-Mensah-Bonsu says a possible retirement benefits scheme for MPs is under consideration amid discussions over their ex-gratia package.
Speaking on Eyewitness News, Mr. Kyei-Mensah-Bonsu said the Emoluments Committee “is proposing that we have a superannuation scheme for members of Parliament more or less a pensions scheme.”
But one of the stumbling blocks for this is the fact that MPs in the Seventh Parliament set to end tonight have not made any contributions as is expected from pension schemes.
“For this meeting, the members of the Seventh Parliament haven’t contributed, so it is a tough call to say that this thing should be done,” the Majority Leader noted.
Mr. Kyei-Mensah-Bonsu, however, admitted that he is “one of the proponents of a retiring benefits scheme.”
The earlier meeting of MPs to determine the emoluments of members of the Executive ended inconclusively on Monday evening.
The meeting which lasted over an hour and half discussed the report of the Presidential Committee on Emoluments headed by Prof. Yaa Ntiamaoh Badu.
MPs are pushing for an increase in the package of MPs leading to the lack of progress.
They are currently upset the proposed package does not meet the GHS600,000 that was paid to the MPs in the 6th Parliament.
The committee’s report, among other things, recommends that the MPs take home an end of service package of four months of their salaries every year that they served in the Legislature.
The MPs therefore want the House to take a second look at the portions before Parliament dissolves.
The President is meant to approve the ex-gratia of MPs and the other Article 71 office holders while Parliament approves that of the Executive.