4 January 2013

Ghana: SSNIT Increases Pensions

The Social Security and National Insurance Trust (SSNIT) in accordance with section 80 of the National Pensions Act, 2008 (Act 766) has increased (indexed) pensions-in-payment for 2013.

A statement signed by the Corporate Affairs Manager of the Trust, Evangeline Amegashie said "as a result [of the increase], all pensions-in-payment as at December 31, 2012 has been increased by a fixed rate of 12 per cent and a flat amount of ¢21.36 per pensioner."

"This gives an overall indexation rate of 22.6 per cent for the year 2013," the statement added.

'However, the minimum monthly pension will now be ¢100.00 for new pensioners with effect from January 2013.

'Furthermore, all pensioners receiving monthly pension of less than 100.00 will be placed on a pension of ¢100.00 per month,' the stated said

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