HomeNewsMonthly Pensions Increased By 10% - SSNIT

Monthly Pensions Increased By 10% – SSNIT

The Social Security and National Trust (SSNIT) has revealed that the monthly SSNIT payments have been increased by 10%

The increment will see an upward increase in the monthly pensions of the 225,000 pensioners on the schemes payroll.

“The review, which was done in consultation with the National Pensions Regulatory Authority (NPRA) and in line with Section 80 of the National Pensions Act 2008 (Act 766), was informed by the change in annual inflation in 2021 and the change in average wage of active contributors in 2021.”

The Director of Social Security and National Trust, Dr John Ofori-Tenkorang made public the new development at a media briefing in Accra yesterday.

“By the increment, the minimum pension of GH¢300 as of the end of last month will now increase to GH¢332.48.

“The highest pension of GH¢129,979 will also increase to GH¢142,565, while the minimum pension for all new pensioners, effective January 2022, will be GH¢300.

“This means pensioners whose computed monthly pensions fall below GH¢300 will be placed on this minimum.”

Latest news

Related news