Pulse.com.gh logo
Go


New increment SSNIT increases pension pay by 20%

The latest increment, the statement noted, means the minimum wage for current pensioners will increase to GHC296.89 from GHC230.00.

  • Published:

The Social Security and National Insurance Trust (SSNIT) has increased monthly pension payment by 20% effective January 2016, a statement signed by the Corperate Affairs Manager, Evangeline Amegashie has said.

According to the statement, the increase was made in accordance with Section 80 of the National Pensions Act 2008 (Act 766)

The latest increment, the statement noted, means the minimum wage for current pensioners will increase to GHC296.89 from GHC230.00.

The current pensioners on the scheme as at the end of 2015 “will have their pensions increased by a fixed rate of 12% plus,” while an “additional flat amount of GH¢ 39.29” would also be paid per pensioner, the statement said.

The statement also added that all new pensioners from January 2016 "will get a pension of GH¢276.00 monthly."

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
2 Incompetence Otabil wasn't qualified to be Capital Bank Board Chairman...bullet
3 Breaking Otabil finally breaks silence on banking controversiesbullet
4 Salaries In 2018 Here are the dates public workers will be paid in...bullet
5 Education Top 5 private high schools in Ghana according to WAECbullet
6 Banking In Ghana Stranded customers of First Allied Savings &...bullet
7 Nana Appiah Mensah Menzgold CEO invited by EOCObullet
8 Banks Collapse Gov’t to take action against those behind...bullet
9 Collapsed Banks Here are the auditing firms for the 7...bullet
10 Nana Appiah Mensah Menzgold boss apologises to BoG...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Former Capital Bank staff grills pork for survivalbullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
7 Support Finance minister buys Kantanka carbullet
8 New Phones Nokia MWC 2018 Event in 5 minutesbullet
9 Tech 6 reasons you should buy an iPhone SE instead of...bullet
10 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet

Business