We have enough reserve to pay accrued benefits – SSNIT

We have enough reserve to pay accrued benefits – SSNIT

The Acting Public Affairs Manager for the Social Security and National Insurance Trust (SSNIT) has assured contributors that the Trust has enough reserves to pay accrued benefits.

Charles Akwei Garshong who made this remark in an interview with TV3 said “For now we have enough reserve to pay accrued benefits and pensions that are due. It is true that we need to register more, it is true that we need to collect more, so management has put in enough measures.

“We are actually working very hard to register more people and we are collecting the contributions that are in arrears. As of September, we have closed to 7000 cases in court, people there are being prosecuted for nonpayment of contributions”

It will be recalled that management of SSNIT recently announced an adjustment of the 2022 pension where pensioners are expected to receive a 10% increment.

In its Indexation of Pensions 2022 report, SSNIT said on Tuesday, January 11, that “Lowest earning pensioners will get an indexation rate of 10.83%

“All pensioners would receive an increase, equal to or above the targeted inflation rate for 2022, the Trust added.

With projected expenditure on pension for 2022 pegged at GH¢ 3.5 billion, SSNIT stated that “Management of the Trust will continue to work hard to guarantee positive annual indexation for pensioners bearing in mind the long term sustainability of the Scheme”.

It added that “the Trust remains committed to paying all legitimate benefits accurately and timeously”

Source: Richard Mensah Adonu | Join our Telegram Group

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