SSNIT denies accusation of foot-dragging in payment of Past Credit

Source The Ghana Report/Aba Asamoah

The Management of Social Security and National Insurance Trust (SSNIT) has vehemently denied accusations of foot-dragging in payment of past credit lump sums.

Ina press release sighted by The Ghana Report, SSNIT says, “it is fully committed to paying all Past Credit based on the agreement reached by the Ministry of Employment and Labour Relations, Ministry of Finance, NPRA, SSNIT and the representatives of the forum”.

In a November 12,2019 edition of The Daily Graphic newspaper, Forum for Public Sector Registered Pension Scheme accused the Social Security and National Insurance Trust (SSNIT) of foot-dragging with the implementation of the modalities for the Past Credit.

The forum said SSNIT was reluctant to “come out with modalities for the calculation on Past Credit earned as of December 2009, based on a 100 per cent treasury bill rate compounded quarterly, and the issuance of statements to each contributor”.

But in a rebuttal, the Insurance Trust says,”SSNIT is currently providing detailed statements on Past Credit to all Members who contributed to the Scheme prior to January, 2010.”

Read full statement below

Download (PDF, 116KB)


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