The Social Security and National Insurance Trust
The Social Security and National Insurance Trust (SSNIT) has increased the monthly pension by 10 percent effective January 2018. The SSNIT pension payment to current pensioners as at December 2017 will obtain an increase of 10 percent of their allowance.
The move will augment pensioners¬ on the current minimum pension of GHS276.00 to an increased GHS303.60. The increment was done in consultation with the National Pensions Regulatory Authority (NPRA). The minimum monthly allowance for fresh pensioners from January 2017 will at the present remain GHS276.00. SSNIT earlier in 2017 during its Pension Review increased the monthly allowance for pensioners by 18 percent.
Pensioners on the current minimum monthly allowance of GHS276.00 increased to GHS334.81 during the review. SSNIT Pensioners as at December 2016 however saw an increase by a fixed rate of 15 percent plus.
Meanwhile, the national insurer revealed that it would effective from February this year deny claims to pensioners who are yet to carry out their biometric registration process with SSNIT. The Trust requires pensioners to renew their pension certificates annually which would permit payment of their monthly stipend.
By Mawuli Yao Ahorlumegah