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SSNIT increases pensions by 10 percent

Director General of SSNIT, Dr. John Ofori-Tenkorang

The Social Security and National Insurance Trust (SSNIT) has announced a 10 percent increase in monthly pensions.

“All Pensioners on the SSNIT Pension Payroll as of 31st December 2020 will have their monthly pension increased by a Fixed Rate of 9.34% representing the annual average price inflation, plus a redistributed Flat Amount of GH¢6.47,” a statement issued by Trust said.

According to the Trust, pensioners receiving  GHS300.00 as of 31st December 2020 will have their monthly pensions increased to GH¢334.49, representing an
increase of 11.5%.

“The minimum pension for all new Pensioners effective January 2021 will be GH¢300.00. This means, pensioners whose computed monthly pensions fall below GH¢300.00 will be placed on this minimum.” the statement read.

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2 Comments
  1. Anonymous says

    Pensioners are grateful

  2. Anonymous says

    Wow this is great news. My father will earn above Ghc300.00.

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