The Social Security and National Insurance Trust (SSNIT) has increased monthly pension payments by 15% in line with its 2024 indexation rate.
Following the review which is by Section 80 of the National Pensions Act, 2008, (Act 766) all valid pensioners on the SSNIT pension payroll as of the end of December 2023 will have their monthly pensions go up by a fixed Rate of 10% plus a redistributed flat amount of ¢79.10.
The minimum-wage pensioner would receive GHC409.10 as a result of the increase. This represents a 36.37% increase above the 2023 minimum pension payment.
The highest-earning pensioner will now receive GH¢186,777.58 per month.
Director General of SSNIT Dr. John Ofori-Tenkorang explained why the an increment.
Story by: Emmanuel Romeo Tetteh(#RomeoWrites) / Ahotoronline.com
