The Board and Management of the Social Security and National Insurance Trust (SSNIT) have canceled their plan to sell 60% of their shares in four hotels.
This decision comes after threats from Organised Labour to start a nationwide strike on Monday, July 15, 2024.
Organised Labour instructed their members to boycott work if SSNIT did not call off the contentious hotel sale.
In a statement dated July 12, SSNIT’s Board assured pensioners, contributors, and the public of their dedication to managing the Trust’s affairs wisely to ensure the Pension Scheme’s sustainability.