01
Nov
The Social Security and National Insurance Trust (SSNIT) has reassured pensioners of the Scheme’s ability to continuously pay their pensions benefits for many years, despite recent contrary reports. Kofi Osafo-Maafo, the Director-General of SSNIT, in a speech read on his behalf, said despite its challenges, the Scheme remained strong and would be able to pay pensions and meet its financial obligations in the years ahead. The reassurance comes on the backdrop of a report released by the International Labour Organisation (ILO) which among other things projected that SSNIT’s financial reserves could deplete and subsequently collapse the Scheme by 2036. However,…