SSNIT increases pensions pay for 2013

The Social Security and National Insurance Trust (SSNIT) has increased pensions-in-payment by a fixed rate of 12 per cent and a flat amount of GH¢21.36 per pensioner for 2013.

A statement signed by Ms. Evangeline Amegashie, Corporate Affairs Manager and copied to the Ghana News Agency in Accra on Wednesday said “SSNIT in accordance with section 80 of the National Pensions Act, 2008 (Act 766) has increased indexed or pensions-in-payment for 2013”.

The statement said the overall indexation rate would now stand at 22.6 per cent for 2013.

The statement said the minimum monthly pension would be GH¢100 for new pensioners with effect from January 2013, while all pensioners receiving monthly pension of less than GH¢100 would be placed on a pension of GH¢100 per month.

Source: GNA