The Union of Clerical, Administrative and Supervisory Employees (UCASE) wants the government to establish a National Retirement Savings Trust.
The union, in a statement Thursday, said the savings trust must be a compulsory contributory scheme for all employees who are not part of a registered retirement scheme.
UCASE called for the government to set up a team to include farmers, unions, private sector and government representatives to discuss the initiative.
It said a national crisis is awaiting the country if the initiative is delayed longer.