SSNIT increases pension pay by 20%

The Social Security and National Insurance Trust (SSNIT), has increased monthly pension payment by 20 per cent effective January 2016, a statement signed by the Corporate Affairs Manager, Evangeline Amegashie has said.

According to the statement, the increase was made in accordance with Section 80 of the National Pensions Act 2008 (Act 766).

The latest increment, the statement noted, means the minimum wage for current pensioners will increase to GH¢296.89 from GH¢230.00.

The current pensioners on the scheme as at the end of 2015 “will have their pensions increased by a fixed rate of 12% plus,” while an “additional flat amount of GH¢39.29” would also be paid per pensioner, the statement said.

The statement also added that all new pensioners from January 2016 “will get a pension of GH¢276.00 monthly”.

By Times Reporter

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