Pensioners in Ghana, from January 2017, will be receiving 18 per cent increment in their monthly pension.
This was announced by The Social Security and National Insurance Trust (SSNIT) in a press release.
SSNIT says the action is in accordance with Section 80 of the National Pensions Act, 2008 (Act 766).
SSNIT said the increment will translate into the following after redistribution: current pensioners on the SSNIT Pension as at December, 2016 will have their pension Increased by a fixed rate of 15 per cent plus; and an additional flat amount of GH¢41 per pensioner.
Accordingly, all SSNIT pensioners on the current minimum monthly pension of GH¢276 will have their pensions increased to GH¢334.81.
Meanwhile, the statement added that fresh pensioners from January 2017 will receive a minimum monthly pension of GH¢276.
“SSNIT takes this opportunity to inform all pensioners who have not yet re-registered for their biometric smart cards to do so by 28th February, 2017. All unregistered pensioners will have their pension payment delayed if they do not re -register for their smart cards,” the statement concluded.
Source: Footprint to Africa